BLOOMBERG Bloomberg Markets August 18, 2016
Julie quite a comeback for oil and in a short time. We were just talking at the beginning of the month about how oil entered a bear market. Not even three weeks later, its already back. Oil rising again today above 38 a barrel. Has been helping speculation about some kind of action on production to stabilize crisis. A simple chart but i think its amazing the magnitude of the moves oil has had. Through earlier in the summer. A 23 drop through august 2. A multiple bear and bull cycle compressed into the past year for oil. We are not seeing much of a roller coaster in terms of magnitude. Today fr...