Spending and Income data appears to have been the trigger sending WTI and Brent crude prices dramatically lower. WTI has now broken to a $45 handle, its lowest since mid-March..
WTI $45 handle...
Copper is also joining the party...
Charts: Bloomberg
Spending and Income data appears to have been the trigger sending WTI and Brent crude prices dramatically lower. WTI has now broken to a $45 handle, its lowest since mid-March..
WTI $45 handle...
Copper is also joining the party...
Charts: Bloomberg
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/11312
[3] http://www.zerohedge.com/taxonomy_vtn/term/10861
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/08/20150803_wti.png
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/08/20150803_whg1.png