Crude Oil Inventories, Prices
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Not having looked at the graphic below that is updated weekly by the
Department of Energy as part of their This Week in Petroleum publication,
I was kind of shocked (for pretty obvious reasons) to have stumbled across it
this morning.
Markets did a good job of signalling what was to come late last year as
shown below.
Of course, that’s pretty much the end of the story…
Let’s all now watch the Nasdaq eclipse its internet bubble high from
early-2000 as some foreign stock markets also notch fresh records in what can
only be described as a “job well done” by the world’s central banks…
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