An update on the oil market

Also Interesting

• Asset allocation view
• Testing new records
• Risk appetite returns; Treasury yields rise

Global Commodities

Investors that receive our monthly reports will know that we have been relatively cautious on the crude complex over the last few months. However, despite our near-term caution we did not expect crude oil prices to fall by this much – and this quickly – in such a short period of time. In fact, the ~40% fall in crude oil and gasoline prices since September is the sharpest sell-off in more than a decade.