Investors keep hoping the Saudis don’t know what they are doing.
It’s a sign of how bad things are that we feel optimistic about $35 oil.
“The risk of a deeper decline has intensified.”
Low oil prices are the wreckage from a war – a financial war.
Death of the petrodollar?
Ugly for Spain’s over-indebted, liquidity-challenged construction giants.
Crude oil inventory buildup points at a potential fiasco by next spring.
Price war to the bitter end?
“This requires more patience” – the Saudi Central Bank.
It shakes the whole foundation of investing internationally.