Business
Why are people watching the oil price right now? – The Motley Fool Australia
These two ASX oil shares finished lower on Friday. Let’s take a look at what some analysts think is ahead for the oil price.
The price of Brent crude oil finished off last Friday at $55.41, says Bloomberg, down 1.23% for the day. This means the oil price has dipped for two straight sessions and is an indication, according to the Wall Street Journal, that investors have ongoing concerns about the impact of COVID-19 on travel restrictions and general economic activity.
Let’s consider two of the bigger ASX listed oil businesses and how they’ve been navigating fluctuations of the oil price.
The Oil Search share price surged…
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