Rapid Oil Price Fluctuation

 

Rapid Oil Price Fluctuation (Updated with Time - last update 25 Aug'2024)

Oil price fluctuation range continue as I predicted in Jun'2022, i.e. $70-$90/barrel (not below $70 and not over$90) and may further continue with this price range till the end of 2025...As Bangladesh losing huge foreign currency by importing crude oil, it may need more attention on purchase crude by very close analysis(fluctuation of price) the market, as if Bangladesh be able to purchase more volume of oil at lower price level and store additional volume of crude oil at low price might help to get escape from purchasing at higher rate as well as it may help to save foreign currency... Price fluctuation is very common within every three-four months.----Attention to Interim Govt.

Rapid Oil Price Fluctuation

Very rapid oil price fluctuation in last three month within the range of US$72-80/barrel, Crude Oil business is now the most lucrative and profitable in world. The country that has sufficient storage facility they are now playing with this game nicely like purchase oil at low price (around $72/barrel), store for a while and release at high price (around $80/barrel), every fluctuation range is only matter of a month. This volatility may continue until the end of 2023 and even could run in 2024, as it is now a good money making business within short time. Overall price trend is also up during this (last 3 month) tenure.  

Oil Price 24Nov'22 - 24Nov'23

At the end of 2023 Oil Price is still running as predicted previously and may continue within the range of US$72-85/barrel in 2024 with rapid fluctuation.  

(To be Continue)