The Crude Oil Deflationary Bear Market

So what is the state of the Oil market now? Well, the contango has started to narrow. That’s a good sign. But on the other hand production and exploration don’t seem to have been curtailed so much yet. How many Oil producers or drillers have you heard go out of business recently? If Oil was indeed a bubble, then you would think there would be some bankruptcies to accompany its deflation. A few minor players have filed for protection the last few months, but no huge multi-multi-billion Dollar concerns.
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