Oil Inventories Are Basically Off The Chart
Advertisement
The collapse in crude oil prices has primarily attributed to a glut in supply.
Advertisement
And while it's unlikely that a nearly 60% decline in the price of any asset can be attributed to just one factor, this chart from George Pearkes at Bespoke Investment Group shows that no one can deny the amount of supply in the oil markets is way, way above normal.
Bespoke Investment Group
Go read the rest of George's Saturday morning chart-storm on Ello »
Advertisement
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance