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Oil Crash Continues: West Texas Crude Below $40, Brent Near $45; Floating Oil Carry Trade in Review

Friday, August 21, 2015 16:43
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(Before It's News)

by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis

B4INREMOTE-aHR0cDovLzEuYnAuYmxvZ3Nwb3QuY29tLy1uYXRjZ0N3NDdQRS9WZGR2dFE1Uk95SS9BQUFBQUFBQWZBSS8wcEtXS2NNU2N3Yy9zNDAwL1dlc3QlMkJUZXhhcy5wbmc=The crash in oil prices continues. Here are a couple charts to consider.

West Texas Crude

[...] Brent Crude

[...] West Texas Intermediate broke the $40 barrier to the downside today but is slightly above that level now.

WTI last broke $40 to the downside in 2008 but has not had a monthly close below that level dating back to 2004. Brent is near the $45 mark.

Continue Reading at GlobalEconomicAnalysis.Blogspot.ca…



Source: http://financialsurvivalnetwork.com/2015/08/oil-crash-continues-west-texas-crude-below-40-brent-near-45-floating-oil-carry-trade-in-review/?utm_source=rss&utm_medium=rss&utm_campaign=oil-crash-continues-west-texas-crude-below-40-brent-near-45-flo

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