Slugcatcher red faced after Friday's Black Swan

BLACK Friday. Black Swan. That’s Slugcatcher’s apology for his ill-timed prediction last week that oil was heading back to US$120 a barrel, a forecast that went the same way as another bird, the Dodo.

Slugcatcher red faced after Friday's Black Swan Slugcatcher red faced after Friday's Black Swan Slugcatcher red faced after Friday's Black Swan Slugcatcher red faced after Friday's Black Swan Slugcatcher red faced after Friday's Black Swan
But unlike the famous flightless bird driven to extinction a century ago, oil is highly likely to fly again, in what will probably be a repeat of what happened after the last oil crash in early 2020.