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November saw a volatile month in oil and gas markets, with WTI falling from $75 to $55 per barrel and U.S. natural gas hitting four-year highs. The commentary attributes the moves to fundamentals and financial positioning, and notes OPEC's planned cuts and Iran sanctions.
The analysis explains recent energy price moves that feed into fuel, fertilizer and freight costs for feed supply chains, but it describes past moves rather than a new shock.
energypolicy.columbia.eduColumbia, CGEPDec 5, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
