From Barchart:



The article discusses the cyclical nature of the crude oil market, with changes in consumer demand driven by seasonal weather patterns. Cold weather increases the demand for heating oil, while warmer weather increases the demand for gasoline. Additionally, geopolitical factors can also impact oil prices. The article suggests that currently, all three of these factors are at play, creating a “perfect storm” for higher oil prices. This implies that the current high oil prices are the result of a combination of increased consumer demand due to colder weather, geopolitical factors, and the general cyclical nature of the market.



Original: Has Crude Oil Put in an Early Seasonal Low?