Oil Tumbles To $48 Handle Again After Libyan Output Surge

The dead cat bounce of early April is officially dead… again.

Following headlines proclaiming Libyan crude output exceeding 760k barrels per day – the highest since Dec 2014 – WTI prices have broken back beloe $49 and erased the entire move post-OPEC deal last year…

via http://ift.tt/2pApLLX Tyler Durden

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