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WTI Crude Crushed To $43 Handle "Flash-Crash" Lows After Genscape Data
Oil was already weak this morning but the release of Genscape estimates of yet another siazable inventory build (1.8 million barrels) appears to have kicked the down-leg a notch lower. The overnight flash-crash lows are now in sight at WTI Crude trades with a $43 handle once again (and Dow Transports converge lower).
And Trannies are catching back down once again...
Charts: Bloomberg
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Ho-hum, more bad news from the oil patch.
"Crude crushed to $42"
"Crude soars to $45"
"Crude crushed to $42"
"Crude soars to $45"
"Crude crushed to $42"
It's a trading range. Crude hasn't gone anywhere.
Sure it has, if you define running in circles as going somewhere. Pump and dump at its finest.....
Tell that to the hundreds of thousands of energy industry workers laid off in the past year.
Don't worry, oil stocks are probably rising as we speak.
Like I said before....good thing some of us shorted at $48
Whooptie-fucking-doo, no one is here to read about your personal gain.
couldn't be the record amount of oil in storage.... I mean who the hell wants to use supply and demand to determine prices
I <3 cheap gas.
the can of pork and beans is still warming on the fire. did you bring a clean spoon?
43...42....41....4Getaboutit. (Yes, idea was stolen from the Bush cartoon)
zero interest rates eventually = a glut in everything eventually = zero profits
Yea people are finaly slowly starting to figure this out.
To bad the central bankers are the ones figuring it out the slowest, because they have vested interest in zirp.
CNBC just announced this is do to usual warm weather. No worries
http://www.bizjournals.com/houston/news/2015/11/09/meet-the-most-distres...
43 so fk funny guess stick with bike, u all riding bikes soon! payback b