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Home > WTI Crude Crumbles To Test $44 Handle As Algos Run Stops, Read DOE Report

WTI Crude Crumbles To Test $44 Handle As Algos Run Stops, Read DOE Report

By Tyler Durden
Created 09/23/2015 - 11:18
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 09/23/2015 11:18 -0500



 

Having run the stops above Monday's panic-buying highs, algos appeared to recognize that oil production rose last week for the first time in 8 weeks (and the seasonals of inventory changes are about to turn unfavorable) [3]... From a $47 peak post-DOE, WTI crude is back testing a $44 handle...

 

[4]

 

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Source URL: http://www.zerohedge.com/news/2015-09-23/wti-crude-crumbles-test-44-handle-algos-run-stops-read-doe-report

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10861
[3] http://www.zerohedge.com/news/2015-09-23/wti-rises-inventory-draw-despite-biggest-production-rise-8-weeks
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09-overflow/20150923_WTI.jpg