Oil Share Prices In 2011
The price of oil has always been unstable, and in recent years it has been known to jump more than a hundred dollars per barrel in just a few short months. bp share price in 2011 have been as low as $70 and has high as $120 per share. The share prices of the major oil companies have also been very turbulent. When the oil price increases, the stock tends to increase as well, and vice versa.
The price of a barrel of oil was around $90 at the beginning of the year, and the share prices for various oil companies were all over the place. In the middle of February, the violence in Libya started to intensify, and sooner than later many countries decided to intervene in the violence. What ensured was a severe escalation in the price of a barrel of oil. By the middle of March and into April, the price of oil was over 100 dollars per barrel, and it would continue to climb until the end of April when it finally peaked at nearly 115 dollars per barrel.
There are many factors that contributed to the high price of oil in 2011. One theory is that supply disruptions from the Middle East violence was the main culprit. While Libya does supply roughly 1.8% of the world’s oil supply, many analysts argue that a supply disruption wouldn’t cause bp share price to spike as high as they did. Another theory is that investors and speculators drove the price of oil higher and higher. This theory has some weight to it, as it was quite obvious that there was a “bubble” surrounding the price of oil as it got higher and higher. Eventually, investors became scared and sold off their shares of oil, which caused the price to fall dramatically in just a few short days.
Whatever the cause of the oil bubble of 2011, it was quite a bumpy ride for bp share prices in 2011. In recent months, the price of a barrel of oil has been stable at around $95 per barrel, and the stock prices for the major oil companies have also been quite stable in recent months. Since oil is such a widely used commodity, the price of oil is a major indicator in the overall health of the global economy, and a supply disruption can have disastrous effects.
Whatever the cause of the oil bubble of 2011, it was quite a bumpy ride for bp share prices in 2011. In recent months, the price of a barrel of oil has been stable at around $95 per barrel, and the stock prices for the major oil companies have also been quite stable in recent months. Since oil is such a widely used commodity, the price of oil is a major indicator in the overall health of the global economy, and a supply disruption can have disastrous effects.
bio- William Thomson has many years experience on bp share price.He can share with us a lot of experience.
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