The End Of Oil's Bull Run? Crude Sell Off Could Continue At Least To $88/Barrel |
| September 19, 2012 | September 2012 Bond Updates |
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After an inexplicable breakdown in the oil complex on Monday, crude continued its steady decline through Wednesday as Saudi Arabian officials confirmed they are pumping more oil to bring prices down. Despite an oversupplied market and a weak global economy, crude oil had rallied strongly over the last few months on easing expectations. Now that traders got their QE cool aid, fundamentals seem to be taking center stage again, helping to push prices down. |
| View more at: http://www.forbes.com/sites/afontevecchia/2012/09/19/the-end-of-oils-bull-run-crude-sell-off-could-continue-at-least-to-88barrel/ |
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