Four-Week Rally in US Crude Rekindles ‘Flash Crash’ Fears
Breaking Energy 2013-07-24
Summary:
By Sri Jegarajah The risk of a disorderly decline in benchmark U.S. crude futures is growing after a four-week rally sent prices to 16-month highs and money managers amassed record bullish bets, defying an economic slowdown in China and the North American shale energy supply boom. WTI (West Texas Intermediate, the oil grade underpinning the U.S. crude futures… Keep reading →
Tags: Brent, China, Crude Prices, Cushing, North America, Shale, Storage, West Texas Intermediate