Oil Trades Under $42 To 6 Year Lows, Gundlach Sees “Terrifying Geopolitical Consequences” Looming
by Tyler Durden
ZeroHedge.com
08/13/2015
For the first time since March 2009, the front-month WTI crude futures contract has traded with a $41 handle. As it draws ever nearer the 2009 lows, we are reminded of the ominous warnings that DoubleLine’s Jeff Gundlach issued in January. – “I hope it does not go to $40 because then something is very, very wrong with the world, not just the economy. The geopolitical consequences could be – to put it bluntly – terrifying.”
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