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BNO - Commodity Super Cycle: Hope For Breaking Out Of The Downcycle
United States Brent Oil Fund LP ETV
Introduction
On a rainy day, a few weeks back, I did some ruminating on the macro factors behind the extended price distress in oil that's been in force for the last half-decade. The objective of this investigation was to look for indicators that might suggest the start of an extended upturn in the price of commodities in general, and in oil prices, in particular.
It's over-simplification to say the world has been plagued - from our perspective anyway - with too much oil and gas and inadequate drivers of demand for them. As it happens,