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By Chris Becker
Amid the madness that is the Black Friday sales in the US (which thankfully were down this year) it’s all about that oil, oil oil. Realisation that OPEC has the resolve to push through lower prices to manipulate the market, both markers in oil continued to sell off heavily. The biggest hit was to WTI oil down a whopping 10% on Friday alone!
This isn’t supposed to happen in an “efficient” market, which goes to show that hypothesis is twaddle, although still taught to your sons and daughters in business school. Nuts. Meanwhile the speculators go to town or to their local Maserati dealership.
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