Monday, August 3, 2015

Oil: "WTI Crude Crashes To $45 Handle - Lowest Since March"

September futures $46.17 down 95 cents, low so far $45.96. There appears to be quite a bit of Saudi crude washing up on U.S. shores ahead of the rumored September cutbacks.
We're going lower.

From ZeroHedge:
Spending and Income data appears to have been the trigger sending WTI and Brent crude prices dramatically lower. WTI has now broken to a $45 handle, its lowest since mid-March..

WTI $45 handle...

Copper is also joining the party...

Charts: Bloomberg