A year ago, I wrote about why commodities is in a sweet spot to invest in and at that point in time. Oil is hovering at around the $50 mark, and fast forward to 2018, oil has reached a new high at $70, having appreciated 40%. Even though oil has performed exceptionally well, its performance has been eclipsed by Bitcoin with a 500% yearly gain. For investors who are looking for a high risk investment and has a more practical use as compared to cryptocurrency, oil may be your answer.

The purpose of this article is however, is to take a deeper look between the relationship of oil and the health of the global economy. Oil price is seen as one of the leading indicator of global economy, as a falling oil price is seen as a fall in economic activity as it is an essential resource for global shipping and transportation. The 2015 commodity crash is caused by …