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