Jack SMith

2 weeks ago | eurointelligence.com | Jack SMith |Jack Smith |Wolfgang Munchau

The fall in oil price is both dramatic in terms of its scale, and the reasons that lie behind it. This is not only about Donald Trump. As of the morning of April 8th, Brent crude is down to $60.27 a barrel, $19.59 down on the week, and $19.25 on the year to date. In the same time, West Texas Intermediate has gone down to by almost 20%, to $58.38 at market open. Two different factors have triggered the sell-off.