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Oil: Price fall in a tight market makes it a tricky affair

Though crude oil is now trading in the nervous nineties, a sudden flare-up cannot be ruled out

August 08, 2022 / 10:22 AM IST
Oil: Price fall in a tight market makes it a tricky affair

Representative image (Source: Reuters)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Crude oil prices have come down significantly in the last one month while refining margins have crashed from all-time highs to long-term averages. Brent crude, it may be noted, had remained above $100 for 159 days. However, the recent price crash does not offer definite signals about its future course. (image) No significant supply increase post US President visit  In our last note, we talked about the expectations of higher oil supply following the US President's visit to Saudi Arabia. But it...

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