S&P Global Commodity Insights: Oil price volatility is here to stay as supply, demand risks abound

A number of fears have gripped the oil market – recession, demand destruction, supply disruptions and rock bottom spare capacity to name a few, –so volatile prices are not surprising and are here to stay.

S&P Global Commodity Insights summed it appropriately when it said in its May Commodities Brief: “For the oil market, the multitude of moving parts is enough to make anyone’s head spin.”