Biden’s oil and gas lease pause, adds $US 13.00 per barrel to West Texas intermediate grade.
Oct 7, 2021 ·
6m 11s
Our Model of the US oil price is based on EIA oil stocks, and the pause announcement. The chance of the pause announcement having no impact on the oil price...
show more
Our Model of the US oil price is based on EIA oil stocks, and the pause announcement.
The chance of the pause announcement having no impact on the oil price is 2 chances in 10,000.
Michael Knox Morgans Chief Economist discusses with the network.
Check out more from Morgans:
Visit the Morgans website: www.morgans.com.au
Check out our blog: www.morgans.com.au/Blog
On Facebook: www.facebook.com/MorgansAU
On Instagram: www.instagram.com/Morgans.Australia
On Twitter: twitter.com/MorgansAU
#Oil #Commodities #Economy #Biden
show less
The chance of the pause announcement having no impact on the oil price is 2 chances in 10,000.
Michael Knox Morgans Chief Economist discusses with the network.
Check out more from Morgans:
Visit the Morgans website: www.morgans.com.au
Check out our blog: www.morgans.com.au/Blog
On Facebook: www.facebook.com/MorgansAU
On Instagram: www.instagram.com/Morgans.Australia
On Twitter: twitter.com/MorgansAU
#Oil #Commodities #Economy #Biden
Information
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