Home » Economics » WTI Crude Crashes Into The $50s | Zero Hedge

Olduvai
Click on image to purchase

Olduvai III: Catacylsm
Click on image to purchase

Post categories

Post Archives by Category

WTI Crude Crashes Into The $50s | Zero Hedge

WTI Crude Crashes Into The $50s | Zero Hedge.

Zee overnight stabilitee (and brief dead-cat-bounce this morning) has turned into a renewed bout of selling pressure and for the first time since July 2009, WTI has broken below the $60 level. Canada Heavy is trading $42.10 (down almst $4 today!), its lowest since April 2009. Energy credit spreads are wider once again, now at +952bps.

Canada Heavy has crashed…

And WTI breaks below $60 (and bounces) after multiple stop run attempts…

Now we have a problem…

…click on the above link to read the rest of the article…

Olduvai IV: Courage
Click on image to read excerpts

Olduvai II: Exodus
Click on image to purchase

Click on image to purchase @ FriesenPress