A Risky Bet On Crude Oil

There are a lot of things about the coronavirus scare that are surprising. The abandonment of any hint of logic by both the public at large and financial markets would be one. Staying clear of Corona beer and boycotting Asian restaurants whose owners and staff have probably never even been to China spring to mind from the general public, while global stock markets are pricing in massive declines in GDP and corporate profits at this early stage would be the most obvious, possible overblown, market reaction. For the oil market specifically, the fact…