Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Oil's 14 Percent Weekly Crash and Its Economic Ripple Effects
Crude oil futures just suffered their steepest weekly drop in over two years, with WTI plunging 14% to $78.93 and Brent falling 16% to $83.93. Meanwhile, the Dow Jones surged 600 points, and the 10-year breakeven inflation rate slipped to 2.21%. In this episode of Energy Economics with Fexingo, Lucas and Luna dissect the forces behind the crash: easing geopolitical risk premiums after the Hormuz de-escalation, demand jitters from China, and a sudden liquidation of hedge fund long positions. They also explore what the selloff means for gasoline prices—still stuck above $4 a gallon—and for the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.