CommSec’s Tom Piotrowski reveals the latest catalyst for falling oil prices.
Mr Piotrowski pointed out oil prices have fallen as much as six per cent over recent sessions.
“The most recent catalyst for that is the fact that OPEC and allied producers have lowered their selling prices to Asian markets,” he told Sky News Australia.
“They’ve been trying to talk a tough game in terms of output recently – that’s failed but clearly softening demand conditions in Asia led by anaemic growth out of China is a factor contributing to this.”
Presented by CommSec.
14 Comments
I am sincerely grateful for the dedication you put into your work!👀
We hope to see more new video posts from you!✌️
And prices dont move or continue upwards… scrap the pertol tax the gov has to much money to waste already.
It’s fortunate that we had forward looking governments that listened to scientists, and made sure Australia was on track to replace oil with cheaper alternatives. Oh, wait, …
It’s fortunate for all Australians that Labor are back in power.
Only labor idiots think labor in government in Australia has an effect on global oil prices. Yep, labor voters are that stupid.
Don't be fooled! Oil & commodities are going much higher. Oil is a weapon & war is an extension of politics by other means. 🤡🌎
BS AGAIN and again.
Sky News false misleading and fictional business news. LOL
Prices go up
Prices go down
But naive Sky News investors are always around.
LOL LOOOSERS.
Elections are approaching…, that is the major reason in the u.s.a.
Its a psy-op..again,again,again..etc.
Still 40c per L more than 200km away
Yet no price drop. Wheres the labor government?????
Yet I all most can’t afford the prices.
I can't afford petrol at any price.