Published on Zero Hedge (http://www.zerohedge.com)

Home > Crude Plunges As SPR-Release Rumor Trumps QE/Isaac Efforts

Crude Plunges As SPR-Release Rumor Trumps QE/Isaac Efforts

By Tyler Durden
Created 08/27/2012 - 08:24
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 08/27/2012 08:24 -0500



 

UPDATE: Isaac downgrade (from potential CAT 2 to CAT 1 [4]) is helping

In the immortal words of the movie 'Something about Mary', "we got a bleeder" in Crude oil. The front-month WTI contract just snapped over $2.50 lower as SPR-release rumors reassert on fears of Isaac's impact [5] (and of course Jackson Hole).

 

[6]

 

- advertisements -

Source URL: http://www.zerohedge.com/news/crude-plunges-spr-release-rumor-trumps-qeisaac-efforts

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10861
[3] http://www.zerohedge.com/taxonomy_vtn/term/9127
[4] http://www.globalnews.ca/forecasters+downgrade+isaac+to+category+1+hurricane/6442703617/story.html
[5] http://www.zerohedge.com/news/isaac-new-katrina
[6] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/08-2/20120827_oil.png