WTI Slumps To New Cycle Lows As Iran Supply Fears Loom
by Tyler Durden
ZeroHedge.com
03/17/2015
Just a few short days ago we were the first to bring attention to the potential of an Iran nuclear deal being a catalyst for the next big leg lower in the energy complex and sure enough, not only is the market startuing to leg lower in a hurry as the deadline looms, but the mainstream media is catching on too. WTI hit fresh cycle lows this morning at $42.63 with the contango continuing to surge.
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