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Shale Under Pressure As WTI Flash-Crashes Below $50 For 2nd Time Today 

By: capt_nemo in POPE 5 | Recommend this post (1)
Tue, 18 Dec 18 7:52 PM | 75 view(s)
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Xi's speech did not help (with no growth measures revealed) but oil markets seem extremely fragile this morning having broken below $50 and flash-crashed for the second time in a few hours.

“The oil market has come under renewed pressure� and “a large part of the move is due to a broader market sell-off,� said Warren Patterson, commodities strategist at ING Bank NV.

“Specifically for the oil market, there are no clear signs yet of the market tightening.�

WTI is trading extremely ugly this morning...

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