WTI Crude Tumbles Under $97 - Fresh 6-Month Lows

Tyler Durden's picture

While bonds and stocks shrug off the volatility in FX markets, it appears the crude oil complex is suffering. Despite Putin's discussion of "countermeasures", crude oil prices have tumbled back under $97 to fresh 6-month lows. Brent Crude is notably not selling off (yet) as the spread pushed back above $8.

 

It appears the USD plunge and oil drop are related...

 

Brent-WTI back over $8...

 

 

Charts: Bloomberg