zerohedge.com / by Tyler Durden on 11/03/2014 14:48
After initially jerking higher after Saudi Arabia released its new ‘lower-prices-for-the-US’ strategy, it appears the market began to realize that in fact – as we warned – Saudi Arabia may be willing to accept prices “lower for longer.” WTI futures are trading below $78.50 – the lowest since June 2012 (and its dragging Trannies lower today)…
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