Energy Stocks Give Up Week’s Gains As WTI Drops Below $60

(Before It's News)

As the reality of moar record production in a slowing demand world filter through the narrartive of a dropping inventory being dragged away into tanker storage arb, so WTI has dropped back below $60 and Energy stocks have tumbled – giving up all the week’s gains. Just when the mainstream media was reconvinced that oil is fixed…

Up on inventory draws, down on production…

But stocks are all in the red now.. (despite oil still being higher on the week)

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