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West Texas Intermediate

CHART OF THE DAY: As demand for oil sags, price and production tumble

Oct. 29, 2020 by Joseph Brusuelas

Global aggregate demand for oil is sagging again as the second wave of the global pandemic sweeps across Europe and Britain and intensifies in the United States. For the third time in 20 years, the bottom has fallen out of oil prices, which will most likely have enormous implications for the economies of the United States, Canada and Mexico, as well as ... READ MORE >

Increased shale production partially insulates American economy from Iran conflict

Jan. 3, 2020 by Joseph Brusuelas

The reaction to the killing of Iranian Major General Qassim Suleimani, the commander of Iran’s Revolutionary Guards Corps, across oil, energy and financial markets has been muted. For now, investors are focused on the supply component of the global oil equation. American shale oil production has changed significantly in just the past four years, ... READ MORE >

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About The Real Economy Blog

The Real Economy Blog from RSM US LLP was developed to provide timely economic insights about the middle market economy. It is offered as a complement to RSM’s macroeconomic thought leadership, including The Real Economy monthly publication and the proprietary RSM US Middle Market Business Index (MMBI).

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The Real Economy Blog
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