" Correlation is implied, and does not rule out both prices trending down lower together"
that seems to be a distinct possibility. Oil dropped on the OPEC announcement so when prices sort themselves out a momentum could develop.
But oddly this is surprisingly good news for emerging and third world markets (baring those who export oil) and only the negatives seem to get the headlines and comment.
Trouble is that major economies are struggling to increase inflation and GDP and nominal GDP figures could present recessionary scenarios that impact global growth..
Once upon a time lower petrol prices were something to celebrate
