WTI Crude Gives Up Friday’s Surge Gains, Back To $45 Handle, Amid China Storage, Tanker Fears
by Tyler Durden
ZeroHedge.com
11/02/2015
Disappointed “this time it’s different” analysts point out better-than-expected China PMI, a relatively large decline Friday for U.S. rig count, and overall sentiment today as reasons why crude oil prices should not be falling, but after hitting 2 week highs Friday, with algos running stops on every swing, it appears the harsher reality of China’s full storage, plunging tanker rates, an unquivering OPEC, and ongoing production levels is too much to bear for the bulls...
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