we re not going to get out of this oil conundrum easily. as i ve told you many a time, you can deride it all you want, the linkage, absolutely. but you see, you can t dismiss the fact that oil is in control. and we ve got a very firm pattern going here. oil is a hard-time rally on the fundamentals because we have a dramatic glut thanks to aggressive pumping really by the saudis. the correlation with the stock market revolves around demand. weak, it s because of u.s. demand weakening. therefore our economy must be slowing. this linkage will not break until it breaks. see, we don t know when the market will come to its senses. the oversupply drives oil down to the $40 level. right now it s at $43. when we got to $40, you know what happens? like clock work, the rumors begin that the saudis are going and then what happens? crude rallies. it rebounds to the 45 to $47 range. taking the stock market with it. because the buyers of stocks don t seem to care how oil surges. they just a
Taking a broader view, the global perfume market was valued at $50.85 billion in 2022 and is anticipated to surge at a CAGR of 5.9% between 2023 and 2030 as we have previously mentioned in our article.
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