The Middle East Is "Fixed" - WTI Crude Drops Below $100 For First Time Since May

Tyler Durden's picture

We can hear the headlines now... thin of the tax cuts, think of the improved discretionary spending, see Iraq was a storm in a teacup... WTI Crude's drop back below $100 provdes so much great news for the world that many perhaps are missing that the world and his brother were long black gold into this and this squeeze appears anything but reflective of the rising tensions... (or is it due to tumbling demand?) Russia won't be happy - time to escalate.