Creating space for an Oil Crisis
The US oil rig count fell by 75% to 180 rigs in less than four months afterwards, the lowest level on record.
Weak non-farm payroll numbers out of the US have caused dollar to weaken, and EM currencies reaped the benefit
The highlight is the US inflation number out on Wednesday, which will pique the market’s interest, but will become a prominent number should the $ 1.9 trillion stimulus package pass.