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Last September oil prices peaked for 2023 at $93 per barrel, but since then they have fallen significantly. This is despite the current conflict in the Middle East, which usually indicates a price increase. Chris Leyland, Director of Investment Strategy, looks at the current state of the oil market as a whole, focusing on the more subtle factors that are affecting these figures.
By True PotentialLast September oil prices peaked for 2023 at $93 per barrel, but since then they have fallen significantly. This is despite the current conflict in the Middle East, which usually indicates a price increase. Chris Leyland, Director of Investment Strategy, looks at the current state of the oil market as a whole, focusing on the more subtle factors that are affecting these figures.