Groundhog Day as crude gets walloped: In what is now akin to the movie 'Groundhog Day' crude oil futures copped another pasting overnight with front month...

David Scutt

Scutt Partners

Groundhog Day as crude gets walloped: In what is now akin to the movie 'Groundhog Day' crude oil futures copped another pasting overnight with front month Brent and WTI tumbling by a further 5%. The fall now leaves the total percentage declines from late July 2014 at 59% and 57% respectively. Not only was it a bad night for energy but also Dr Copper with 3-month futures falling over 1%. From mid-July futures have fallen in excess of 17% with the contract now plumbing lows last seen in June 2010. (VIEW LINK)


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Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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