Oil Tumbles To $47 Handle After China PMI, Stocks Erase Yesterday’s Dead-Cat-Bounce

Yesterday’s panic-buying stocks into the close to ensure The Dow closed May in the green has now been entirely erased as Oil plunges to a $47 handle…

This is oil’s biggest drop in 3 weeks…

 

Crude is tumbling despite notable weakness in the US Dollar…

via http://ift.tt/1t18IkK Tyler Durden

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