2024 Why is oil going down - Jul 7, 2022 · That’s down from March 8's closing price of $123.70 per gallon. Brent Crude, the world benchmark, dipped below $100 per barrel for the first time since April before settling at $100.69 Wednesday. Analysts say fears of a recession, which could crimp demand for oil and gas, have brought on the price drop.

 
Jul 7, 2022 · That’s down from March 8's closing price of $123.70 per gallon. Brent Crude, the world benchmark, dipped below $100 per barrel for the first time since April before settling at $100.69 Wednesday. Analysts say fears of a recession, which could crimp demand for oil and gas, have brought on the price drop. . Why is oil going down

Brent crude oil was down by more than 10% when it hit a low for the day of $101.10 a barrel, before settling at $102.77 at the close. ... But the expression that gas prices go up like a rocket and ...Jun 15, 2022 · In one study cited by the St. Louis Federal Reserve Bank, when oil prices fell, “retailers adjusted [gasoline] prices downward slower because consumers were already accustomed to the higher ... The price for a gallon of regular gas hit an all-time high of $5.01 in mid-June, contributing heavily to that month’s fresh four-decade high inflation rate of 9.1%. Since then, drivers have been able to save money on gas as prices steadily tumbled coast to coast. Texas currently enjoys the nation’s lowest average gas prices at $3.66 per gallon.3 Key Risk Factors In Oil Right Now. Oct 12, 2023 at 07:49 | ChAI. In the past 2 weeks, the price for Brent crude oil has closed as high as $96.55 per barrel and as low as $84.07, while...A Citi strategist explains why oil prices are going to tumble by the end of the year, even if economies avoid a recession. Citi expects oil prices to drop this year. Citi is bucking the trend on ... In 2020, the price of crude oil crashed because of a lack of buyers, as countries went into lockdown. Opec+ had to boost prices by cutting production dramatically - by more than nine million ...Here are 3 reasons why Big Oil can't just drill more to ease the pain at the gas pump. A statue of a pumpjack and drilling rig sits next to a gas station in Odessa, Texas, on March 13. U.S. oil ...How & Why Oil Impacts The Canadian Dollar. The exchange rate between Canada and the U.S. is often strongly correlated to the price of oil. Over the long run, when the price of oil rises, the value ...Brent crude oil was down by more than 10% when it hit a low for the day of $101.10 a barrel, before settling at $102.77 at the close. ... But the expression that gas prices go up like a rocket and ...3 May 2023 ... Falling oil price is due to increased supply. political parties do have some control over this because commodities are forward looking just like ...At P/E ratios of just 9.1 for Chevron, 8.6 for Exxon, and a lowly 6 for Devon, there's an argument to be made for not selling these oil stocks -- but buying them instead. Rich Smith has no ...Leave a comment. Oil prices are projected to continue rising throughout 2023 underpinned by China’s economic rebound, Russia’s production cut of 500,000 barrels a day (b/d), OPEC+’s ...Investors have been worried about the 30% surge in oil prices over the past couple of months, as they have led to sticker shock at the gas pump, which tends to weigh down consumer sentiment and ...Business is pretty good in America's busiest oil patch. Prices are high enough to turn a profit and then some. But instead of going wild, producers have been aiming for something new: Discipline.Key Points. The national average for a gallon of gas dropped below $4 on Thursday for the first time since March. The drop comes as oil falls from its highs. Crude makes up more than half of the ...It’s going to be another expensive year for families using heating oil.” Heating with propane is expected to cost an average of $1,538, up 4.2% from last season.Many analysts forecast oil could breach $100 in the weeks ahead because of strong demand, tight supplies and a lack of tools available to the US administration to put a lid on prices. “Global ...Brent crude oil was down by more than 10% when it hit a low for the day of $101.10 a barrel, before settling at $102.77 at the close. ... But the expression that gas prices go up like a rocket and ...The IEA thinks India, for example, will assume the fastest-growing role in the global oil market over the next five years. Meanwhile, the insatiable rise of energy …Near Fair Value. Analyst Report: Exxon Mobil Corporation ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 2.4 ...It’s going to be another expensive year for families using heating oil.” Heating with propane is expected to cost an average of $1,538, up 4.2% from last season.Recession is the keyword for oil prices at the beginning of 2023. The Fed isn’t abandoning its hawkish stance at the start of the year, and could possibly inflict more …U.S. oil settled 13.06%, or $10.24, lower at $68.15 per barrel, falling below the key $70 level. It was the contract's worst day since April 2020. WTI also closed below its 200-day moving average ...Average price in B.C. right now at $2.39 a litre, the highest on record. A woman pumps gas in this file photo. Imbalances between supply and demand have caused pump prices to increase dramatically ...With oil, though, one side of the trade is a commodity…it can be used and consumed, and it is subject to supply and demand fluctuations. If economic conditions are bad and demand is falling, say ...Oil costs drop to lowest level since July. Analysts say a 4% fall is down to even weaker demand in China and an easing of worries over a wider conflict in the Middle East.WTI crude, the US benchmark oil price, has fallen 28% since its most recent highs in early June, to trade at around $90 a barrel Wednesday. Brent crude, the international benchmark, is down 24% ...New York CNN —. Recession fears are slamming the oil market, with crude tumbling on Friday below $80 a barrel for the first time since January. The good news is the selloff should drive prices ...October 2, 2023 at 12:25 PM PDT. Listen. 2:55. Oil fell, with the US benchmark tumbling below $90 a barrel, as worries about further interest rate increases and a slowdown in the economy roiled ...That’s helped push down gasoline prices for American drivers. The national average cost of a gallon of gas is now $3.55, down 0.3% from a day ago and by 5.7% from last month, according to the ...Average price in B.C. right now at $2.39 a litre, the highest on record. A woman pumps gas in this file photo. Imbalances between supply and demand have caused pump prices to increase dramatically ...That means oil has lost almost roughly quarter of its value since touching a near 14-year high of $130.50 a barrel on March 6. It’s the first time oil has traded below $100 since March 1. Ad ...Oil prices fell on Monday on concern about a drop in demand and on continued uncertainty about the depth and duration of OPEC+ supply cuts. ... Brent crude futures settled down 85 cents, or 1.08% ...March 15, 2022, 3:48 AM PDT. The heat is coming out of the oil market, and fast. West Texas Intermediate oil futures dropped below $100 a barrel on Tuesday, having shed more than 20% in a ...... down global crude oil ...The sector has reported the largest earnings decline of all eleven sectors at a steep -40.1%, thanks to lower year-over-year oil prices taking a massive toll on the bottomline. Indeed, despite the ...Saudi Arabia sets the pricing trend for most of the Middle Eastern oil exporters and is typically seen as a bellwether for the state of the oil market. The price of WTI crude oil slipped $9.01 per ...Oil costs drop to lowest level since July. Analysts say a 4% fall is down to even weaker demand in China and an easing of worries over a wider conflict in the Middle East.11 Oct 2021 ... This contributed to the rise in oil prices as markets are worried of tight supply going into the winter season when demand for energy is high.Inflation will push the price of oil higher. getty. Oil is going up and as I wrote recently $300 is the likely destination in two to three, perhaps at the latest five years’ time.4 May 2023 ... Crude Oil - Understanding Entire Value Chain | Gaurav Jain. Yadnya ... Go to channel · Sushil Kedia's Bold Stock Picks | 10 के दमदार ...Petrol price rise warning after oil output cut. The reduction in output is being made by members of the Opec+ oil producers. The group accounts for about 40% of all the world's crude oil output ...Key Points. The national average for a gallon of gas dropped below $4 on Thursday for the first time since March. The drop comes as oil falls from its highs. Crude makes up more than half of the ...Oil slipped more than 3% on Monday as fears eased that the Israel-Hamas war would disrupt supply from the region, and as investors grew cautious ahead of this week's U.S. Federal Reserve meeting.Brent crude futures, the global benchmark, have cratered almost 30% from their peak. They settled below $100 per barrel for the first time this month after shedding another 6.5% on Tuesday. Stocks ...Nifty down 1,300 points from peak. Adani stocks, HDFC Bank among top losers. Since September 15, when Nifty hit lifetime intra-day peak of 20,222.45 and Sensex 67,927.23, Tech Mahindra and Wipro have been the biggest losers among bluechips with a 14% loss during the period. Peer Infosys is down around 10% since then.Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut …Key Points. The national average for a gallon of gas dropped below $4 on Thursday for the first time since March. The drop comes as oil falls from its highs. Crude makes up more than half of the ...26 May 2021 ... ... oil leak was and what you did to solve the problem! 9:27 · Go to channel · Don't Put off That Constant Oil Leak! Replacing Seals On Your Car or ...Stocks and oil prices tumbled Monday as investors assessed the impact of new Covid-19 outbreaks in China and awaited a likely interest-rate increase by the Federal Reserve later this week. The ...Get today's Brent Oil price in real time, live oil price charts, historical data, as ... coming days as a dispute over the oil-rich territory of Essequibo ...It’s going to be another expensive year for families using heating oil.” Heating with propane is expected to cost an average of $1,538, up 4.2% from last season.9 Jan 2023 ... “This rerouting going on will probably have an impact on prices,” Antweiler said. Prices “will be elevated” and remain “volatile,” he added. “A ...Feb 10, 2023 · It’s down to $4.47 a gallon this week after hitting a record high of $5.93 per gallon in November . That’s a little piece of good news for some homeowners and renters — especially in the ... Mar 15, 2022 · After Russia invaded Ukraine, global oil prices experienced a dramatic spike. Just over a week ago, Brent crude leaped above $139 per barrel. Analysts warned prices could touch $185, then $200 as ... US oil prices climbed above $90 a barrel on Thursday for the first time in 10 months, threatening to push gasoline prices even higher and heat up inflation across the economy.. High oil prices ...Oct 13, 2023 · These costs include the profits (and sometimes losses) of refiners, wholesalers, and local distributors. From the winter of 2012–13 through the winter of 2021–22, the cost of crude oil accounted for 48% of the average price of a gallon of heating oil during the winter months (October through March). Distribution and marketing costs ... 3 Key Risk Factors In Oil Right Now. Oct 12, 2023 at 07:49 | ChAI. In the past 2 weeks, the price for Brent crude oil has closed as high as $96.55 per barrel and as low as $84.07, while...U.S. oil settled 13.06%, or $10.24, lower at $68.15 per barrel, falling below the key $70 level. It was the contract's worst day since April 2020. WTI also closed below its 200-day moving average ...Oil price news: Oil slips as traders trim bets OPEC+ will further tighten supply. Oil declined after two days of gains as traders tempered expectations that OPEC+ will intervene in the market to bolster prices, with healthy supplies and ebbing geopolitical risks also adding to the retreat. Read the latest news about oil and the oil markets.Through 2022, Japan’s petroleum consumption has declined by an average of 2% per year since peaking at 5.7 million b/d in 1996, largely on the back of demographic and economic changes, although declining oil intensity has also played a role. Japan’s population peaked in 2009, and its economic growth has been among the lowest in …Oil prices have roared back to about where they were in the early days of the Ukraine war, and there’s no prospect of significant relief for drivers and businesses any time soon.. The price of ...Just last week, a barrel of crude topped $130. Since then, the price has dipped below $100, falling off a cliff (to use the technical term) and into correction territory. Meanwhile, at the gas ...Oct 3, 2023 · And, basically, all these things managed to counterbalance the rise in crude prices and now actually are going to push gas prices down. At the same time, there are other ways that oil prices ... Why are oil stocks down today? Well, it surely doesn’t help that the S&P 500 is down more than 2% so far in Friday’s session and that crude oil prices are down almost 6%. That impact is being ...As of 10:50 a.m. EST, Exxon stock remains down 1.6%, Chevron has lost 1.8%, and Enterprise Products stock is down 2.4%. Tumbling oil prices were the cause. So whatThe average price of U.S. regular-grade gasoline has been falling for weeks, after reaching a record high of over $5 in mid-June. Analysts have said the decrease can mostly be attributed to a drop ...Where is the oil price going in 2022? One word, up. The question is how far. Yesterday, Brent Crude pushed over the $95 a barrel mark, that's as high as oil has been for seven years, and you can ...I f you had a nasty shock when you last filled up your car or received your latest gas bill, spare a thought for the 1.5 million rural households who rely on oil deliveries to heat their home ...New York CNN Business —. For many drivers in California, the possibility of paying $6 a gallon for gas is no longer something to worry about down the road. It’s already a reality. In Los ...Shell posts $6.2bn profit as oil prices rise again. The oil and gas giant makes $6.2bn between July and September as crude oil prices crept up again. Business. 30 Oct 2023.As of 12:13 p.m. on Thursday, WTI Crude was trading down 1.04 percent at $41.11 and Brent Crude was down 1.33 percent on the day at $43.87. Both benchmarks hit earlier in the day their lowest ...December soybean oil dropped 0.39¢ to close at 52.29¢ a lb. US crude oil prices turned lower Thursday. The January West Texas Intermediate light, sweet crude future was down $1.90 to close at ...Shell posts $6.2bn profit as oil prices rise again. The oil and gas giant makes $6.2bn between July and September as crude oil prices crept up again. Business. 30 Oct 2023.Brent crude oil prices have risen more than 30% in the past three months and are now trading near $93 per barrel, levels not seen since November 2022. Gasoline prices have followed suit and are up ...Natural disasters are another factor that can cause oil prices to fluctuate. For example, when Hurricane Katrina struck the southern U.S. in 2005, affecting almost 20% of the U.S. oil supply, it ...Nov 26, 2021 · Oil stocks plunged this morning, and there was a lot more to the rout in the oil and gas sector than just Friday's stock market sell-off. Here's how much some of the biggest oil stocks had fallen ... Nov 19, 2021 · Oil prices fell to a six-week low on Friday as new Covid lockdowns sparked demand concerns just as industry players signal a return of supply. But for consumers looking for some reprieve at the ... 22 Apr 2020 ... U.S. oil prices plummeted below zero at the close of market Monday, a historic first for the commodity. As dwindling demand caused by ...Oil Prices ‘Melt Up’ in a March Toward $100 a Barrel. Analysts have raised their forecasts for oil prices, as they try to understand Saudi Arabia’s intentions with recent production cuts. An ...As of 12:13 p.m. on Thursday, WTI Crude was trading down 1.04 percent at $41.11 and Brent Crude was down 1.33 percent on the day at $43.87. Both benchmarks hit earlier in the day their lowest ...Patrick De Haan, GasBuddy’s head of analysis, said Tuesday he sees a “potential decline of 40-65 cents per gallon in the weeks ahead” should oil prices remain lower. Even if that drop ...The ban didn't happen, and oil prices started to cool off soon thereafter. It's been a dramatic fall since then: Oil prices have crashed below $100 per barrel as of this writing.29 Aug 2023 ... Increases in oil prices came in the wake of an energy supply shortage that began gripping Europe in late 2021, as well as concerns over oil ...Why is oil going down

Sep 23, 2022 · Hasan Jamali/Associated Press. Oil prices continued to tank on Friday, posting a fourth straight week of declines and falling to their lowest level since January amid rising fears that a looming ... . Why is oil going down

why is oil going down

Nov 7, 2023 · On Tuesday, oil prices fell on the back of a slowdown in China's oil demand, which has come not only because of lower than expected economic growth, but because of lower exports of petroleum... Oil and Gas. The stunning drop in oil prices, from a peak of $115 per barrel in June 2014 to under $35 at the end of February 2016, has been one of the most important global macroeconomic developments of …Crude oil prices falling again; why they could not sustain above $50. With a week to go for Brexit vote, oil and other markets remain choppy. A so-called Brexit can lead to a Europe-wide recession and can hit demand for oil.Dec 1, 2023 · The pandemic took a heavy toll on U.S. oil production, which fell to just over 11 million barrels a day at the end of 2020 from 13 million at the end a year earlier. Dozens of oil companies went ... Wood furniture is a beautiful addition to any home, but it requires regular maintenance to keep it looking its best. One of the most important steps in caring for your wood furniture is choosing the right oil.Crude oil has been on a declining trajectory since last June when it reached $124 per barrel. For the last four months, prices have stayed below $90. But a rising concern about the health of the global economy in the wake of the collapse of a few banks in the US and Europe in recent weeks has triggered a sharp fall in oil prices. Oil prices have roared back to about where they were in the early days of the Ukraine war, and there’s no prospect of significant relief for drivers and businesses any time soon.. The price of ...By Tsvetana Paraskova - Jan 07, 2023, 6:00 PM CST. Recession is the keyword for oil prices at the beginning of 2023. The Fed isn’t abandoning its hawkish stance at the start of the year, and ...Oil prices have since risen sharply to nearly $100 per barrel following strong economic recovery post-lockdowns. As the economy grows so does the demand for oil. Moreover, rising geopolitical tensions between Russia and Ukraine and in the Middle East are stoking supply fears. This is contributing to rising inflation and concerns about …Nov 30, 2023 · The OPEC oil cartel, joined by Russia, aims to negotiate crude oil production cuts amid recent price declines. While U.S. drivers benefit from lower fuel costs, OPEC+ nations face economic strain as efforts to stabilise prices falter. As of 12:13 p.m. on Thursday, WTI Crude was trading down 1.04 percent at $41.11 and Brent Crude was down 1.33 percent on the day at $43.87. Both benchmarks hit earlier in the day their lowest ...Oil stocks can be down for the simple reason that energy prices are under pressure. The latter — energy — is mostly driven by supply and demand. Too little supply, like OPEC not meeting its ...Feb 10, 2023 · It’s down to $4.47 a gallon this week after hitting a record high of $5.93 per gallon in November . That’s a little piece of good news for some homeowners and renters — especially in the ... Jul 7, 2022 · Why are oil prices down today? The price of West Texas Intermediate crude, the U.S. benchmark, dropped 8% Tuesday to $99.50 per barrel and settled at $98.53 Wednesday. That’s down from March 8's ... Jul 7, 2022 · Oil prices have plummeted 13% over the past month, and the critical commodity is now down more than 20% from its 2022 peak. ... When it comes to where oil prices go from here, analysts and ... Since the end of September, Brent Crude — the global benchmark — has been sliding, down to the $84-a-barrel range. That’s more than a 10% decline in just over a week. That’s more than a 10 ...Nov 28, 2023 · Gas prices have fallen or remained steady since Sep. 19 — marking about a 70-day trajectory of decline, Andrew Gross, spokesperson for motor club AAA, said Tuesday. As of Tuesday, the national average for gas prices stood just below $3.25, according to AAA. That’s down 25 cents from a month ago and 30 cents less than this time last year. Why are oil stocks down today? Well, it surely doesn’t help that the S&P 500 is down more than 2% so far in Friday’s session and that crude oil prices are down almost 6%. That impact is being ...9 Jan 2023 ... “This rerouting going on will probably have an impact on prices,” Antweiler said. Prices “will be elevated” and remain “volatile,” he added. “A ...13 Aug 2015 ... ... COMING SOON! Transmission Fluid Change: https ... Oil Filter Comparison: COMING SOON! Transmission Fluid Change: • How ...WTI crude, the US benchmark oil price, has fallen 28% since its most recent highs in early June, to trade at around $90 a barrel Wednesday. Brent crude, the international benchmark, is down 24% ...New York CNN —. Energy stocks are making a comeback after being left for dead earlier this year. The S&P 500 index’s energy sector has gained more than 6% during the third quarter so far ...Have you noticed that the price at the gas pump seems to change almost every day? You never know if the price when you need to fill up will be good, great, or awful. You might also notice that the price of heating oil for your space heater ...Natural disasters are another factor that can cause oil prices to fluctuate. For example, when Hurricane Katrina struck the southern U.S. in 2005, affecting almost 20% of the U.S. oil supply, it ...3. You'll likely need at least three deliveries a year. 4. There are minimum order amounts – pay the right way to spread the cost. 5. The more you buy, the bigger the savings – order with neighbours or join a buying club to cut costs. 6. Heating oil equipment is expensive, so look after your tank and oil. 7.Sep 21, 2023 · The sector has reported the largest earnings decline of all eleven sectors at a steep -40.1%, thanks to lower year-over-year oil prices taking a massive toll on the bottomline. Indeed, despite the ... Petroleum is an ingredient in thousands of everyday items. The gasoline that we depend on for transportation to school, work, or vacation comes from crude oil. A barrel of petroleum produces about 72 liters (19 gallons) of gasoline, and is used by people all over the world to power cars, boats, jets, and scooters.Dec 1, 2023 · Nov 24, 2023 at 07:37 | City A.M Brent crude futures were steady on Friday as traders kept their powder dry ahead of an OPEC+ meeting that could bring agreement on further supply cuts. Oil... The last time oil prices spiked, Gary Goodman left Kentucky for a fresh start in the oil fields of North Dakota. It was 2012. With a felony conviction and few job prospects, he boarded a train in ...Mar 9, 2022 · Why Oil Stocks Are Down Today. United States Oil ETF (NYSEARCA: USO) stock starts us off with shares falling more than 8% as of Wednesday afternoon. Exxon Mobil (NYSE: XOM) shares are up next with ... It’s this glut of crude oil in the global economy that has led to the sharp declines in oil prices. The additional supplies have ended up in storage tanks, because …The average price per litre of kerosene was around 69p in September 2023.*. This is much higher than it was during 2020, which saw the lowest heating oil prices for more than four years. Prices in 2020 were low following the collapse in demand for heating oil owing to the ongoing impact of the Covid-19 pandemic.Oil stocks can be down for the simple reason that energy prices are under pressure. The latter — energy — is mostly driven by supply and demand. Too little supply, like OPEC not meeting its ...That’s down from March 8's closing price of $123.70 per gallon. Brent Crude, the world benchmark, dipped below $100 per barrel for the first time since April before settling at $100.69 Wednesday. Analysts say fears of a recession, which could crimp demand for oil and gas, have brought on the price drop.31 Mar 2022 ... "Crude oil price peaked at around 120 (USD) a barrel a few days ago, now they're actually going down. When oil prices were going up, ...Tight supply, Russia's war in Ukraine and OPEC+ production cuts are pushing the price of oil higher. Despite the Federal Reserve's efforts to curb inflation in …17 Mar 2020 ... Brent crude futures, the global oil benchmark, were down 22%, last trading at $35.45 per barrel. ... go along with the plan and his energy ...Oil prices continued to tank on Friday, posting a fourth straight week of declines and falling to their lowest level since January amid rising fears that a looming economic downturn will hurt ...As of 12:13 p.m. on Thursday, WTI Crude was trading down 1.04 percent at $41.11 and Brent Crude was down 1.33 percent on the day at $43.87. Both benchmarks hit earlier in the day their lowest ...Why are oil prices down today? The price of West Texas Intermediate crude, the U.S. benchmark, dropped 8% Tuesday to $99.50 per barrel and settled at $98.53 Wednesday.That’s down from March 8's ...2:47. July: Drivers paid extra for fuel in 2022. Its fuel spokesman, Simon Williams, said: "Wholesale costs for both petrol and diesel started to rise in late July on the back of oil hitting $85 ...Brent crude oil prices have risen more than 30% in the past three months and are now trading near $93 per barrel, levels not seen since November 2022. Gasoline prices have followed suit and are up ...Shell posts $6.2bn profit as oil prices rise again. The oil and gas giant makes $6.2bn between July and September as crude oil prices crept up again. Business. 30 Oct 2023.One reason oil prices are down is because production in the U.S. has been strong. Mario Tama/Getty Images Why the U.S. is a spoiler for OPEC’s plan to raise oil pricesTop 10 Reasons Why the United States is Going Downhill. The Top Ten. 1 Terrible President. TRUMP is letting this country down. He is a total idiot to even walk up there and say a single word. The fact is, Trump is nothing at all like what he says he is. I am a Hillary fan, and based on research, she is NOT crooked and so is Obama, Trump was ...Have you noticed that the price at the gas pump seems to change almost every day? You never know if the price when you need to fill up will be good, great, or awful. You might also notice that the price of heating oil for your space heater ..."We expect oil prices to continue being volatile, but with a clear downward bias through the end of the year," Citi said. Although, Professor Byrne doesn't expect petrol prices to be coming down ...Sep 15, 2023 · US oil prices climbed above $90 a barrel on Thursday for the first time in 10 months, threatening to push gasoline prices even higher and heat up inflation across the economy. Oct 31, 2023 · Despite $80+ oil for most of Q3, stocks of the U.S.’ biggest energy companies, Exxon Mobil Corp. and Chevron Corp. have tanked after both companies posted disappointing results Brent crude futures, the global benchmark, have cratered almost 30% from their peak. They settled below $100 per barrel for the first time this month after shedding another 6.5% on Tuesday. Stocks ...A Citi strategist explains why oil prices are going to tumble by the end of the year, even if economies avoid a recession. Citi expects oil prices to drop this year. Citi is bucking the trend on .... Trading futures for beginners