Commodity Trade Mantra

Posts Tagged ‘Oil Price Downturn’

The Worse Than 1986 Downturn In Oil Prices Has No Parallel In Recorded History

If oil prices follow the path suggested by the forward curve, and essentially remain rangebound around levels seen in the last 2-3 months, this downturn would be more severe than that in 1986. This does not bode well for everyone who has unwittingly thrown good money after bad on the assumption that the Saudis will cut production and trigger a rebound in crude oil prices.

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