GPM Oil Report: The Short-Lived Dead-Cat Bounce in Oil Prices

September 1, 2015

Geopolitical Monitor

Blackcat, cc Flickr timlewisnm https://creativecommons.org/licenses/by-sa/2.0/

 

Background

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.

 

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