How Herd Mentality Sparked Chaos In Oil Markets ...Middle East

The only certainty an oil industry observer can bank on right now is that no one understands the markets.  The extreme end of globalization has introduced so many variables that market analysts can no longer effectively predict the non-linear ripples. Right now is a case in point. We have a clean cut dividing line between key markets analysis, with those who fear a banking failure contagion threatening oil demand, and those who say there is no systemic catastrophe and oil will be bulldozing its way back to $100 in no time.  Neither narrative…

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