WTI Crude Tops $50, Energy Stocks Soar To Biggest Week Since 2008 (But Credit Ain’t Buying It)
by Tyler Durden
ZeroHedge.com
10/09/2015
WTI Crude is back above $50 to its highest in almost 3 months following a 10%-plus gain on the week (the 2nd best since Jan 2009). This surge has sparked the biggest surge in European and US Oil & Gas stocks since 2008 as Bloomberg notes, output from the world’s biggest consumer drops and Shell and PIMCO claim the worst may be over (while Goldman sees “lower for longer” suggesting this rally is a squeeze). However, while Energy stocks and raw materials are soaring, credit markets remain notably less impressed.
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