WTI Slides As Goldman Warns $20 Oil Looms, Crude Storage “Too Full For Comfort”

by Tyler Durden
ZeroHedge.com
12/17/2015

Despite spoiradic algo-crazed ramps, crude oil prices continue to slide back towards a $34 handle (in Jan ’16 contract) this morning following a reiterated downbeat note from Goldman warning that storage levels are “too full for comfort,” that positioning is not as stretched short as some believe, and confirming that this will not end until prices near cash costs to force production cuts, likely around $20/bbl.

The Rest…HERE

This entry was posted on Thursday, December 17th, 2015 at 11:54 am and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.