WTI Plunges Back Below $30 After Goldman “Teens” & IEA Excess-Supply Warning

by Tyler Durden
ZeroHedge.com
02/09/2016

WTI keeps dead-cat-bouncing thanks to the algos and crashing thanks to reality. This morning’s reality check on the overnight ramp comes courtesy of a double-whammy from Goldman (“wouldn’t be surprised to see WTI in the teens”) and The IEA which increased its estimate of excess-supply drastically. This has dragged WTI back below $30 once again and where oil goes, stocks go…

The Rest…HERE

This entry was posted on Tuesday, February 9th, 2016 at 10:54 am and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.