Crude oil prices are about demand and supply

I had indicated in my paper that CFTC is conducting a detailed study on crude oil price movement.

It has released its interim report and says “demand more than supply” is the main reason for rise in oil prices

The ITF’s Interim Report on Crude Oil studied fundamental supply and demand factors and the roles of various market participants, and it found that fundamental supply and demand factors provide the best explanation for the recent crude oil price increases.

So, just like my paper, demand-supply are the main factors at work. Though, it also says it will continue to refine its work:

The ITF continues to evaluate conditions in the commodity markets and will report further on its work later this year. The CFTC expresses appreciation to the participating agencies for their efforts in connection with the Interim Report and for their continued work on these issues.

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2 Responses to “Crude oil prices are about demand and supply”

  1. » Crude oil prices are about demand and supply Says:

    […] Notes About Business â?? wrote an interesting post today onHere’s a quick excerpt I had indicated in my paper that CFTC is conducting a detailed study on crude oil price movement. It has released its interim report and says “demand more than supply” is the main reason for rise in oil prices The ITF’s Interim Report on Crude Oil studied fundamental supply and demand factors and the roles of various market participants, and it found that fundamental supply and demand factors provide the best explanation for the recent crude oil price increases. So, just like my paper, dema […]

  2. Energy Crisis Information » Alert - crude oil price Says:

    […] Crude oil prices are about demand and supply By Amol Agrawal I had indicated in my paper that CFTC is conducting a detailed study on crude oil price movement. It has released its interim report and says ?demand more than supply? is the main reason for rise in oil prices … Mostly Economics – https://mostlyeconomics.wordpress.com […]

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