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GKFX Expert Series

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Crude Oil
In this unique series the GKFX senior market analyst in London, David Morrison interviews prominent people in the oil industry to find out the secrets of how the oil market works.
There are two views dominating the oil market discourse. There are those who strongly believe that the market has undergone structural changes and that low oil prices are here to stay for a prolonged period. At the other end of the spectrum, there are those who think that this is yet another cycle and oil prices will recover sooner rather than later. These two scenarios – structural versus cyclical – reflect the high degree of uncertainty engulfing the oil market. Wikipedia
interviews by David Morrison
David Morrison
Senior Market Analyst
When it comes to studying the genetics of the brain, Soo-Kyung Lee is a star, yet she was stunned to discover the cause of her daughter’s devastating disabilities. Och-Ziff Capital Management Group LLC is Read more analysis from David
Learn about the latest developments in the Crude Oil Market
Crude markets are moved by a number of factors. The GKFX expert series bring you some of the most advanced data sets to help you understand this market in real time.
How do we understand the diverse opinions that exist in the market?
Much has been reported about when crude oil prices have been driven by investor speculation. But what happens when we have two opposing views, with one being bullish and the other being bearish.
One way which institutional investors measure this contrarian speculation is machine reading massive amounts of news opinions on the internet to create a consensus opinion. The Sentiment complex tool above measures both long term positivity (chart) and short term positivity (linear gauge) towards crude oil and compares that to price.
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The wider picture: how does news move the oil market?
Crude rices are affected by unexpected events that are reported through market news feeds. An unexpected shut down of a refinery in Libya or the threat of war in an oil producing country can have major impacts on price movements. Using institutional market news feeds allows traders to stay abreast of all the latest events in the crude market as they happen.
Macro Events
As we have learnt macro events are key drivers in oil price. A 2016 survey of academia reports that nearly all historical price fluctuations are rooted in shifts in demand for crude oil. As the global economy expands, so does demand for crude oil. Traders look at key economic data releases to understand the health of oil consuming nations, and also oil inventory figures to learn how demand is fluctuating. Below you can see a calendar of economic data.

What is the next major macro event affecting crude oil
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