VOL. XLIV

No. 23

4-June-2001

Oil: Consumers, Producers, Politics And Price

by Antonio M Szabó and Mike Axton

The following article was written for MEES by Antonio M Szabó and Mike Axton of Stone Bond Corporation, Houston.

While it is generally understood that fundamentals (supply and demand) drive the direction and fluctuations of oil prices in the long term, other factors influence price over the short term. These factors include news headlines, political developments, technical indicators and...