{"id":6524,"date":"2015-03-15T18:22:24","date_gmt":"2015-03-15T23:22:24","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6524"},"modified":"2015-03-15T18:22:24","modified_gmt":"2015-03-15T23:22:24","slug":"oil-plunges-to-lowest-since-march-2009-43-wti-as-eurusd-1-05-battle-continues","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6524","title":{"rendered":"Oil Plunges To Lowest Since March 2009 ($43 WTI) As EURUSD 1.05 Battle Continues"},"content":{"rendered":"

Oil Plunges To Lowest Since March 2009 ($43 WTI) As EURUSD 1.05 Battle Continues<\/a><\/h3>\n

Update: *WTI CRUDE TRADES AT LOWEST INTRADAY PRICE SINCE MARCH 2009 – $43.57<\/strong><\/p>\n

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Despite ‘trouble’ in Saudi Arabia, and chatter of SPR buying, it appears the re-opening of all Houston shipping channels, comments from Greenspan, yet another refinery shut (Exxon’s Joliet lost power), and the rapidly filling storage capacity has awakened the realization that the month-long dead-cat-bounce is over in crude.\u00a0Brent broke below $53.50 and WTI back to a $43 handle (close to the lowest levels in 6 years) at the open<\/strong>. One can only imagine the pressure on USO (Oil ETF) holders as the contango continues to gap wider.\u00a0EURUSD is teasing the crucial 1.05 level again…<\/strong><\/p>\n

Tumble to a $43 handle briefly…<\/p>\n

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 <\/p>\n

The lowest in the cycle (based on the April contract)…<\/p>\n

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 <\/p>\n

as the contango blows sky high…<\/p>\n

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 <\/p>\n

Looks a little different this time…<\/p>\n

\"\"<\/a><\/p>\n

 <\/p>\n

And EURUSD is teasing 1.05 once again…<\/p>\n

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 <\/p>\n

Charts: Bloomberg<\/em><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Oil Plunges To Lowest Since March 2009 ($43 WTI) As EURUSD 1.05 Battle Continues Update: *WTI CRUDE TRADES AT LOWEST INTRADAY PRICE SINCE MARCH 2009 – $43.57 Despite ‘trouble’ in Saudi Arabia, and chatter of SPR buying, it appears the re-opening of all Houston shipping channels, comments from Greenspan, yet another refinery shut (Exxon’s Joliet […]<\/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":[3],"tags":[91,184,588,1775,1451,1096],"class_list":["post-6524","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-brent-crude","tag-crude-oil","tag-oil","tag-oil-price-collapse","tag-west-texas-intermediate","tag-wti-crude"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6524","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=6524"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6524\/revisions"}],"predecessor-version":[{"id":6525,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6524\/revisions\/6525"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}