Watching the oil price is becoming one of the most important things readers can do, as it will give some indication of just how many tens and hundreds of millions if not a billion, migrants may head to Europe as economies in Africa, the Middle East and Russia shrink due to plunging oil prices.
A two day rally in the oil price on Thursday and Friday saw the price of oil rebound to 32 dollars barrel.
The rally, fuelled by hopes of more monetary easing in Europe and Japan, today frizzled out and the price of oil has dropped again.
If central banks and Treasury funds such as the ESF choke off the money supply, the markets inevitably shrink.
An oil price of about 60 to 70 dollars a barrel is needed to stabilize countries dependent on oil revenue and stop the outflow of potentially a billion young migrants in the near future.