Only The 38th Largest Oil Spike Since 1990

Only The 38th Largest Oil Spike Since 1990 Today’s CoTD from DB's Jim Reid shows the daily price of oil back to 1990. When he published the report, oil (+8.4%) was tracking to be the 38th biggest daily gain over this 36-year period. The graph annotates the clusters where we have seen larger moves. So even though it’s a big move, to get into the top 20, 10 and 5 it would need to be up +9.6%, +13.6% and +13.9% respectively. There were huge moves around the GFC and Covid-19 turm...

By Tyler Durden