Mind The WTI: There’s A Lot More Weakening Than Just Demand For The Black Stuff

What we see in the oil market is representative of the general process of rethinking expectations beyond Cushing, shale, and commodities. Going from globally synchronized growth unbothered by whatever happened on May 29, 2018, to September and October wondering why crude was starting to pile up and then investors hitting the sell button in unison as it did.