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Home > Crude Crash Crushes Credit Risk: WTI Hits $47 Handle, Energy Spreads Top 1000bps

Crude Crash Crushes Credit Risk: WTI Hits $47 Handle, Energy Spreads Top 1000bps

By Tyler Durden
Created 01/06/2015 - 11:41
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 01/06/2015 11:41 -0500



 

As energy stocks continue to catch down to oil-price's incessant weakness, US energy company credit risk has surged back above 1000bps for the first time in 3 weeks. WTI Crude oil prices just traded to a $47 handle - the lowest since April 2009.

 

Another day, another fresh low...

[4]

 

And energy stocks are catching down fast to oil's weakness...

[5]

 

Fool me once (or twice or three times)...

[6]

 

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-01-06/crude-crash-crushes-credit-risk-wti-hits-47-handle-energy-spreads-top-1000bps

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