Why UFC fans should be watching oil prices
The easy chase for "oil money" is done. Now it's a race to see who else gets bought out.
It was nice and easy for Western wheeler-dealers to play Let’s Make A Deal with Middle Eastern power brokers when crude oil was $120 a barrel three years ago. On Monday, Crude futures ended up at approximately half that price:
As this chart shows, we’re a long way away from COVID-level pricing.
In the covid and post-covid era, the Kingdom of Saudi Arabia…