Macro Micro: The Oil Conundrum
It has brewing for little while now however it appears we are finally at the inflection point that has formed three times over the past two and half odd years. The supply-demand set up in oil. Below is the smoothed-out chart of WTI – the chart shows the tail end of the 2015 oil crash that saw WTI go from US$130 a barrel to US$44 over a 6-month period. If you want to see the micro carnage this caused have …