WTI Crude Collapses To $30 Handle, Stocks Plunge As Rate-Hike Odds Tumble

Tyler Durden's picture
Submitted by Tyler Durden on 01/11/2016 13:25 -0500



 

With rate hike odds for March plunging from over 55% a week ago to just 38% now, it appears faith in The Fed has utterly failed. WTI traded down to $30.97 - the lowest ssince Dec 2003.

 

Fed #Fail...

 

WTI punched lower to a $30 handle for the first time since December 2003..

 

and that has dragged stocks back into the red...

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Mon, 01/11/2016 - 16:14 | 7031494 kaboomnomic
kaboomnomic's picture

Ahem... 26$..

Tue, 01/12/2016 - 02:47 | 7033739 pndr4495
pndr4495's picture

I hope any state that has taxpayer funds on deposit with commodity long only hedge funds has not been stonewalled in trying to get there dough out of the Manager's hands.

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