{"id":16607,"date":"2016-01-17T18:22:12","date_gmt":"2016-01-17T23:22:12","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16607"},"modified":"2016-01-17T18:22:12","modified_gmt":"2016-01-17T23:22:12","slug":"oil-plunges-to-28-cycle-lows-as-iran-supply-looms-stocks-slide","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16607","title":{"rendered":"Oil Plunges To $28 Cycle Lows As Iran Supply Looms, Stocks Slide"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2016-01-17\/oil-plunges-28-cycle-lows-iran-supply-looms-stocks-slide\" target=\"_blank\">Oil Plunges To $28 Cycle Lows As Iran Supply Looms, Stocks Slide<\/a><\/h3>\n<div class=\"tabs\"><\/div>\n<div class=\"node\">\n<div class=\"content\">\n<p><strong>February WTI Crude futures have plunged to new cycle lows at $28.60 (down 2.7%)\u00a0<\/strong>as\u00a0<a href=\"http:\/\/www.zerohedge.com\/news\/2016-01-17\/iran-unleashes-oil-flood-will-quintuple-crude-revenue-2016\">Iran supply looms over an already over-glutted global crude market<\/a>. Brent is down even more (-3.7%).\u00a0<strong>Dow futures are down 60 points at the open.<\/strong><\/p>\n<ul>\n<li><strong>*WTI OIL FALLS AS MUCH AS 2.7%, BRENT CRUDE DROPS 3.7%<\/strong><\/li>\n<\/ul>\n<p>Feb futures (which have just rolled) are under $29&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160117_open1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160117_open1_0.jpg\" alt=\"\" width=\"600\" height=\"412\" \/><\/a><\/p>\n<p>And the new on the run March contract is trading $29.60, down 2.6%&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160117_open3.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160117_open3_0.jpg\" alt=\"\" width=\"600\" height=\"412\" \/><\/a><\/p>\n<p>Weighing on US equities&#8230; Dow futures down 65 points<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160117_open2.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160117_open2_0.jpg\" alt=\"\" width=\"600\" height=\"412\" \/><\/a><\/p>\n<form id=\"fivestar-form-node-520908\" class=\"fivestar-widget\" accept-charset=\"UTF-8\" action=\"http:\/\/www.zerohedge.com\/news\/2016-01-17\/oil-plunges-28-cycle-lows-iran-supply-looms-stocks-slide\" method=\"post\">\n<div class=\"fivestar-form-vote-520908 clear-block\">\n<div class=\"fivestar-form-item  fivestar-combo-text fivestar-average-stars fivestar-labels-hover fivestar-processed\">\n<div id=\"edit-vote-wrapper\" class=\"form-item\"><\/div>\n<\/div>\n<\/div>\n<\/form>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oil Plunges To $28 Cycle Lows As Iran Supply Looms, Stocks Slide February WTI Crude futures have plunged to new cycle lows at $28.60 (down 2.7%)\u00a0as\u00a0Iran supply looms over an already over-glutted global crude market. Brent is down even more (-3.7%).\u00a0Dow futures are down 60 points at the open. *WTI OIL FALLS AS MUCH AS [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[91,441,506,588,5024,1451,895,4318],"class_list":["post-16607","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-brent-crude","tag-iran","tag-markets","tag-oil","tag-us-equities","tag-west-texas-intermediate","tag-wti","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16607"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16607\/revisions"}],"predecessor-version":[{"id":16608,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16607\/revisions\/16608"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}