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OILX - A Bird's Eye View Of The Oil Crisis: Geopolitical Backdrop
UBS AG London Branch ZC SP ETRACS REDEEM 22/02/2046 USD 25 - Ser B
Previously, I laid out a preliminary game plan on the night before the Black Monday (March 9, 2020), after a weekend of agonizing over the failed OPEC+ meeting at Vienna. Since then, more information as to the black-swan event has come to light. It's now necessary to update my view of the current crisis.
In positioning my vantage in this brief piece, I will attempt to look at this crucial time from 10,000 feet above, leaving the minute details for others to analyze. In this article, let's look at the geopolitical background of the oil