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Home > WTI Crude Crashes Below $70 For First Time Since June 2010

WTI Crude Crashes Below $70 For First Time Since June 2010

By Tyler Durden
Created 11/27/2014 - 11:12
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 11/27/2014 11:12 -0500



 

Houston, we have a problem...

[4]

 

Lowest since June 2010...

 

At $70/barrel, the US Shale industry "does not work"...

[5]

 

And don't expect help from the Saudis...

"Why should Saudi Arabia cut? The U.S. is a big producer too now. Should they cut?"

 

 

[6]

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And the Russian Ruble is in freefall

[7]

 

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Source URL: http://www.zerohedge.com/news/2014-11-27/wti-crude-crashes-below-70-first-time-june-2010

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[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/11356
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/11/20141127_opec3.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/11/20141107_shale.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/11/US%20vs%20Saudi.jpg
[7] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/11/20141127_opec4.jpg