Oil prices dive into uncharted waters

Press/Media: Expert Comment

Description

Even as major oil-producers have agreed to cut output amid a massive glut, this hasn’t prevented the US oil price falling into negative territory for the first time ever.

 

Dr Lurion De Mello, Senior Lecturer, Department of Applied Finance at Macquarie University’s Business School, joins Luke Grant to explain how this happened.

‘The extreme event of an actual negative oil price was triggered by speculation as much as by dwindling demand.’

Period24 Apr 2020

Media contributions

1

Media contributions

  • TitleOil prices dive into uncharted waters
    Degree of recognitionNational
    Media name/outlet2GB 873AM
    Media typeRadio
    Country/TerritoryAustralia
    Date24/04/20
    DescriptionWake Up Australia withe Michael McLaren
    Even as major oil-producers have agreed to cut output amid a massive glut, this hasn’t prevented the US oil price falling into negative territory for the first time ever.

    Dr Lurion De Mello, Senior Lecturer, Department of Applied Finance at Macquarie University’s Business School, joins Luke Grant to explain how this happened.

    ‘The extreme event of an actual negative oil price was triggered by speculation as much as by dwindling demand.’
    URLhttps://www.2gb.com/podcast/oil-prices-dive-into-uncharted-waters/
    PersonsLurion De Mello