This analysis relates the combination of periodic changes in demand (associated with regional or global macroeconomic conditions) and alterations in supply (due to weather patterns, decisions of suppliers or technical factors) with alternating up and down price patterns. The present situation in the energy markets may be different.
Most analysts expect oil prices to remain low for a long time for several reasons: on the supply side, the advent and relative resilience of shale oil production and increased oil production by OPEC members play an important role.