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Oil Futures Crash Most In 7 Months, Stocks Tumble 

By: capt_nemo in POPE IV | Recommend this post (2)
Mon, 18 Apr 16 10:32 AM | 69 view(s)
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Submitted by Tyler Durden on 04/17/2016 - 18:02

With commodity currencies (AUD and CAD) dumping, Yen strength (risk-on carry unwinds en masse), Saudi stocks tumbling, and hedge fund spec crude longs near record highs, it is no surprise that the opening prints in WTI Crude are ugly after Doha's disappointing climax. Erasing all of last week's hype hope, WTI printed with a $38 handle (June), $37 Handle (May) and is unable to bounce for now. Dow futures -100.

http://www.zerohedge.com/news/2016-04-17/oil-futures-plunge-38-handle-open




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