Is The Oil Crash A Result Of Excess Supply Or Plunging Demand: The Unpleasant Answer In One Chart

by Tyler Durden
ZeroHedge.com
08/21/2015

Courtesy of the following chart by BofA, we have the answer: while for the most part of 2015, the move in the price of oil was a combination of both supply and demand, the most recent plunge has been entirely a function of what now appears to be a global economic recession, one which will get far worse if the Fed indeed hikes rates as it has repeatedly threatened as it begins to undo 7 years of ultra easy monetary policy.

The Rest…HERE

This entry was posted on Friday, August 21st, 2015 at 11:43 am and is filed under Economics, Government Evil, Oil. You can follow any responses to this entry through the RSS 2.0 feed.