GPM Oil Report: The Short-Lived Dead-Cat Bounce in Oil Prices
September 1, 2015
Last week’s sudden rally in oil prices was rather remarkable. Indeed it was the biggest three-day rally since Saddam Hussein invaded Kuwait back in 1990, an event that seemed to herald an end to stable exports from a region that was, back then at least, the fountainhead of the very lifeblood of the global economy.
Fast-forward to 2015 and we’re getting similar swings under far less momentous circumstances.