The Oil rally that started in early 2019 is over with spot oil off more that 20% from its recent high. The markets are looking at rising US shale production, diminishing demand because of the global slowdown and a deepening trade war that would dampen demand even further.
This is what that markets are looking at.
Are they missing the bigger picture or is this oil bear market being used to hide the middle east threats (plural) from the public?
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