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Commodities Trading- Interview
See the plot. You must explain what is happening. Source: JP Morgan round1 , February 2026.
- What is the key conclusion ? Answer: oil prices are very sensitive to major global events.
- Oil Prices why would they fall? Answer : When there is a global crisis that slows down the economy (like a recession or a pandemic), people travel less and factories slow down. Because the world needs less oil, the price drops.
- Oil Prices why would they Rise? Answer: When there is a war or conflict, especially in areas that produce a lot of oil, markets panic that the global oil supply will be cut off, causing prices to spike.
- Explain what we see on 1 Sept. 2008: Answer: When the global financial crisis hit, the global economy crashed, causing the demand for oil to become extremely low.
- Explain the 2 March 2020 : When the world went into covid lockdown, travel stopped and industries paused. Because nobody was using fuel, the price of oil plummeted to the lowest ( $20 a barrel).
- Explain 3. Feb. 2022 : Russia is one of the world's largest oil producers. When the war started, countries feared Russian oil would be cut off from the market. This panic caused the price to immediately spike back over $100.
- Explain 4. Feb. 2026 : Iran sits right next to the Strait of Hormuz, where a massive portion of the world's oil is shipped. Because of the conflict, the market is scared that this vital shipping lane will close, causing a sharp spike in prices.
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Commodities Trading- Interview
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