In a sharp reversal of fortunes, oil markets have gone into another tailspin with prices dipping by the biggest margin since the historic April crash. WTI and Brent crude recorded earlier this month the biggest drop in absolute terms since April 2020, when oil prices entered negative territory for the first time in history. Volatility continued during the last trading sessions of the week, with prices stabilizing on Friday. Opinions on the oil trajectory remain deeply divided, with the bulls saying the oil markets are simply taking a breather after…
