Commodities Essential. 10 February 2012

News and comments … mostly relating to oil.



Another yank from underneath the crude oil storyline. It is starting to look like crude prices are unjustified by global fundamentals, as the above chart suggests more economic slowdown ahead. I imagine the market might shift away from ‘reasons not to be bearish’ in favor of ‘reasons not to be bullish.’ That would open the door to sellers; Europe and China may help push it open as well.


Commodities Essential. 10 February 2012