when oil is above $50 nations are busy producing goods
as the demand for the sweet crude in emerging markets accelerates
the pullback is necessary to maintain cost of production
otherwise it would be expensive for new economies to compete with developed nations
low priced oil means VOLUME play for producers and the middlemen benefits
this is also timing for...
as the store of value of governments nations acting as underlying driver of ones economy.
this rock is being marked up as supply has already been accumulated in the last 3 years since GREXIT
and the next looming bubble that of Europe coupled with partisan politics... a flight to safety is the
natural instinct of fund managers to resort to good old HEDGE which is GOLD.