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Home > 'Traders' Panic-Buy WTI Crude After Disappointing GDP

'Traders' Panic-Buy WTI Crude After Disappointing GDP

By Tyler Durden
Created 10/29/2015 - 08:03
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 10/29/2015 08:03 -0500



 

Stop-running algos are panic-buying WTI crude this morning as a slightly disappointing GDP print must have triggered the "bad news is good news" function to horde oil with both hands and feet...

 

[4]

 

Which makes perfect sense after this...

  • *IRAQ'S OIL MINISTER SAYS ITS OIL OUTPUT EXCEEDS 4M B/D: ALMADA

And ConocoPhilips' disaster!

 

Spot the odd one out...

[5]

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-10-29/traders-panic-buy-wti-crude-after-disappointing-gdp

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