Shale Under Pressure As WTI Flash-Crashes Below $50 For 2nd Time Today

by Tyler Durden
ZeroHedge.com
Tue, 12/18/2018

Xi’s speech did not help (with no growth measures revealed) but oil markets seem extremely fragile this morning having broken below $50 and flash-crashed for the second time in a few hours.

“The oil market has come under renewed pressure” and “a large part of the move is due to a broader market sell-off,” said Warren Patterson, commodities strategist at ING Bank NV.

“Specifically for the oil market, there are no clear signs yet of the market tightening.”

WTI is trading extremely ugly this morning…

The Rest…HERE

This entry was posted on Tuesday, December 18th, 2018 at 11:46 am and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.