Politics Force Oil Divorce From Equities, Currencies

摘要

Oil’s once-tight connection to global economic trends has been broken up by geopolitics over the summer, delinking crude from movements in equities and the US dollar. Correlations come in and out of fashion depending on the appetites and outlooks of traders that are managing a range of factors in their portfolios. Then, all of a sudden, they can fall apart as the quirks of the oil market carry prices in a different direction.