Kuwait “Over-Supply” Concerns Send WTI Tumbling Back To $42 Handle

Thursday, March 19, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/19/2015

Reversing all of yesterday’s FOMC-inspired idiocy, WTI has plunged back to reality this morning. Following comments by Kuwait’s comments that OPEC had no choice but to keep production steady, refocusing the market on global oversupply, April WTI is back down to a $42 handle.

The Rest…HERE

This entry was posted on Thursday, March 19th, 2015 at 10:04 am and is filed under Economics, Oil, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.

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