EFTA Document EFTA01459654

CIO View Special v.‘7, I a-"Y Beyond the oil bust: Are markets right to worry? Be careful what you wish for. Since the price for West Texas Intermediate (WTI), the benchmark in North America, last peaked at $107/per barrel (b) in June 2014, crude oil has lost more than 70% of its value. On January 20, it fell to $26.3/b, to levels last seen 13 years ago. Not so long ago, you might have expected such a collapse to mostly cause cheers, We all consume oil in one form or the other, but c