WTI Crude just burst below $58 and is now over 46% below the peak in June. Since the initial leaks of no production cuts at OPEC, WTI is down 25% (gold and silver are up 2-4%). At these levels only 4 of the US 18 Shale Oil regions remain economic…
61…60…59…58…57…
Down 25% from the initial OPEC leaks…
Which leaves only 20% of US Shale regions economic…
* * *
Unequivocally good!!
Charts: Bloomberg
via Zero Hedge http://ift.tt/12WvPii Tyler Durden