Oil Markets Are On The Brink Of Armageddon

“Two boys are in a closed garage with several inches of gasoline on the floor. One has six large matches, the other has seven smaller ones. They debate as to who is strategically superior”.  J.K. Galbraith The world’s oil markets are at a crisis point arguably not seen in its history.  Since the last meeting of OPEC/OPEC+ concluded, global oil prices have collapsed to close Friday at 53.14% down for WTI and 51.14% down for Brent. These prices are the lowest seen in almost twenty years. Oil prices have tumbled as the…