Oil Breaks Below $27, Down Over 5%

January 20th, 2016

S&P500 October 2014 low is taken out intraday.

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S&P500 leaning over, real ugly. Through all recent weekly supports now.

If anyone at the PPT is awake at the switch… This is it.

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USO bids $8

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This move is nuts.

Crude Oil Feb 16 (CLG16.NYM) -NY Mercantile
$26.86 Down $1.60(5.62%) 11:07AM EST

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Via: Reuters:

Oil futures extended their decline on Wednesday, with U.S. crude touching its lowest since 2003, as a global supply glut bumped up against bearish financial news that sparked deeper worries over demand.

Posted in Collapse, Economy, Energy | Top Of Page

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