Oil Prices Make a Round Trip in 2022

Oil Prices Make a Round Trip in 2022

The financial markets are complex systems. They can move from one event to the next so quickly that it’s hard to know what’s driving prices.

For example, look at the roundtrip oil prices in the chart below.

Oil prices surged to over $120 a barrel in the first half of 2022 on concerns over how Russia’s invasion of Ukraine would influence crude supply. But in the second half, oil prices have trended lower as traders feared a global recession might reduce oil demand.

So which one is it? Or is it both? Regardless of what you believe, oil prices have made a round trip in roughly 12 months.

The critical takeaway is that markets can be turbulent. One can quickly replace the factors that push prices higher with a new set of characteristics that drive prices lower.

So ask yourself, “Will the talk about a recession be the theme for all of 2023, or will a new storyline replace it at some point?”

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2022 FMG Suite.

Dr. Jason Van Duyn
586-731-6020
AQuest Wealth Strategies
President

Dr. Jason Van Duyn CFP®, ChFC, CLU, MBA is a Registered Representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA & SIPC. The LPL Financial registered representative associated with this site may only discuss and/or transact securities business with residents of the following states: IN, IL, TX, MI, NC, AZ, VA, FL, OH and CO.

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