Crude Curve Collapses – Market Sees Sub-$50 Oil Through 2021
by Tyler Durden
ZeroHedge.com
01/12/2016
The crude curve has just collapsed, especially since the rebound after China’s Golden Week reprieve ended around October 15. As Alhambra’s Jeff Snider notes, the entire futures curve is under $50, an upsetting commentary on everything from US “demand” to long-term implications and especially those that are derived from economists’ somehow continued insistence that this is all just “transitory.”
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