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

Houston, we have a problem...

 

Lowest since June 2010...

 

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

 

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?"

 

 

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And the Russian Ruble is in freefall