'Crude' Dismantling of The Commodities Supercycle

It has barely been a few weeks into the new trading year and the Brent front month oil futures contract is already down by over 11% on its opening level for 2 January. Together with the WTI and OPEC basket of crude oil, the global proxy benchmark is well below $50 per barrel with airwaves and internet forums full of chatter about new “six-year lows.”