Oil Falls to Four-Year Low as Europe Stocks, U.S. Futures
- By Abigail Moses Oct 15, 2014 2:44 PM GMT+0200
Oil is languishing in a bear market, with the International Energy Agency predicting the lowest demand growth since 2009, even as U.S. supplies rise.
Oil slumped to the lowest in almost four years, European stocks dropped with U.S. index (BCOM) futures and German government bond yields reached a record low on evidence economic growth is slowing.
Brent crude decreased 0.8 percent to $84.40 a barrel at 8:42 a.m. in New York. Germany’s 10-year yield dropped to 0.79 percent. The Stoxx Europe 600 Index fell 1.7 percent, with Shire Plc (SHP) tumbling as much as 29 percent after AbbVie Inc. reconsidered a takeover bid, and Standard & Poor’s 500 Index futures slid 1.1 percent. Currencies of oil-producing nations declined..
Link: http://www.bloomberg.com/news/2014-10-14/asian-futures-rise-amid-u-s-rally-oil-climbs-after-rout.html
Quelle: zerohedge.com
Quote:
Crude Crashing: Brent Is Most. Oversold. EVER
Submitted by Tyler Durden on 10/14/2014 23:30 -0400
Yesterday we lamented the ridiculously oversold levels in West Texas Intermediate, which as BofA calculated, has hit "oversold" levels for only the third time in six years. We assumed that this could be the basis for a short-term rebound. We were wrong, because we clearly had no idea just how determined the Saudis are to crush Putin into the ground courtesy of plunging oil prices.
As of moments ago, WTI has tumbled nearly $4, some 5%, to just over $81...
Quelle: zerohedge.com
Quelle: zerohedge.com
Quelle: zerohedge.com
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