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CHART OF THE DAY: Short-Sightedness In Oil (WTI November 2013 to today) - 12.31.14 chart

While signs were emerging at the start of 2014 of an emerging production glut and strong U.S. dollar environment, very few, if any, prognosticators, predicted a total collapse in global energy prices. But as outlined in the Chart of the Day, this is exactly what happened.