FYI: Standard Chartered said there was no bottom in sight until "money managers in the market conceded that matters had gone too far".
"Given that no fundamental relationship is currently driving the oil market towards any equilibrium, prices are being moved almost entirely by financial flows caused by fluctuations in other asset prices, including the dollar and equity markets," said Standard Chartered.
Regards,
Ted
http://thereformedbroker.com/2016/01/13/are-commodities-a-necessary-portfolio-component/
