With yet another false-dawn of crude prices blowing in the wind of cash-flow generation desperation, we thought it an appropriate time for a bigger picture glance at the state of the carnage in crude...
An ugly 2014 (down 46%)...
Brought an avalanche of knife-catching "once in a lifetime" opportunists into ETFs to buy the dip in as levered way as they could...
Only to see crude prices collapse another 31% in 2015 for the worst 2 year crash in the history of crude oil trading...
h/t @VexMark
And despite this bloodbath, production is rising, demand flailing, and global storage is at its limit...
So what happens next?
Comments
Log in or sign up to join the conversation.