How does fracking influence Brent oil prices?

Brent North Sea prices are most affected by nearby European demand as well as Asian while West Texas Intermediate Crude oil prices, the other benchmark, has been shifted back from a world price to an Americas price benchmark. read more

In the long run, fracking could speed up the rate at which oil prices climb. When natural oil supplies approach depletion, the scarcity forces prices higher. Fracking, by increasing the rate of extraction, expedites this eventuality. read more

One area in which the shale oil revolution has made a difference is in reducing crude oil imports on the one hand, and increasing exports of refined products on the other, thus improving the US trade balance (and as a side-effect dampening the effect of foreign oil price shocks on the US economy). read more

In the long run, fracking could speed up the rate at which oil prices climb. When natural oil supplies approach depletion, the scarcity forces prices higher. Fracking, by increasing the rate of extraction, expedites this eventuality. It is unlikely that the world will ever completely run out of oil. read more

The local excess supply of light sweet crude oil put downward pressure on the U.S. price of oil, as measured by the WTI benchmark. This local glut coincided with high demand for imported light sweet crude along the East Coast, causing the WTI price to decline relative to the Brent oil price benchmark. read more