Oil prices just had a shocking one day meltdown! Absolutely stunning…
WTIC –10.18%!
Brent –9.77%!
(charts above from stockcharts.com)
WTIC at 5 year lows (chart from zero hedge)
The last time oil prices got smashed was during the 2008 crisis when every risk asset endured a meltdown, except US dollar and US treasuries.
What has the collapse in oil prices been indicating?
This time is different?
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