WA Business News  Jul 10  Comment 
Oil prices have risen, supported by a larger-than expected US stock draw and supply concerns in Norway and Libya.
Financial Times  Jun 29  Comment 
Regulator warns of eroding effect on retirement savings
Financial Times  Jun 28  Comment 
Providers will have to display fees in a single figure under new proposal
Upstream Online  Apr 18  Comment 
Industry sources also said Saudi Arabia waiting for crude prices to rise to $80
The Hindu Business Line  Apr 5  Comment 
Oil prices rose on Thursday, holding onto a late-session rally the previous day, buoyed by the US government data showing a surprise drawdown in cru
WA Business News  Feb 22  Comment 
Oil prices have risen to two-week highs, boosted by data showing a surprise draw in US crude inventories and also by a drop in the US dollar.



Reduction in account equity from a trade or series of trades. [1] A temporary reduction or decrease in a an upward trend. [2] Once you accept the concept that all energy, seasons, business, moves in cycles, you can see the drawdown as the trough between one peak and the next. A drawdown is usually quoted as the percentage between the peak and the trough. [3]

For example the data going back to 1994 shows a cycle pattern, with five major drawdown periods, five recovery periods, and four run-up periods. The average time between major drawdown lows was about 3.5 years, two years of nice returns followed by a year and a half of flat to down. [4]

c.1900 from draw + down of wells. [5]


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