Hyderabad_Nawab Posted January 5, 2015 Report Posted January 5, 2015 West Texas Intermediate crude oil just broke $50 per barrel for the first time since April 2009. In late-morning trade on Monday, WTI briefly cracked $50, falling to as low as $49.95 for the first time in more than five and a half years. Brent crude oil, used as the international benchmark, also cracked $53 per barrel, a new multi-year low. On Monday alone, WTI crude prices are down nearly 5% as crude cannot seem to find a bottom after declining about 25% in December. From its highs back in June 2014, WTI is now down more than 50% as crude has been in a bear market for the last several months. Back in December, Jeff Gundlach at DoubleLine Capital said that if oil goes to $40 per barrel, then the yield on the US 10-year Treasury bond could fall to 1%. Consensus for 2015 is that the 10-year will climb back to 3%. On Monday, the US 10-year yield was down below 2.05%. Specifically, Gundlach said, "I hope [oil] doesn't go to $40. If oil goes to $40, something is very wrong with the world," adding that the political and geopolitical fallout would be problematic. In a note to clients this weekend, Citi analyst Ed Morse wrote that looking forward to the implications of oil's decline for 2015, "Most worrisome are the unintended consequences and geopolitical fallout." "OPEC’s expected revenues of $445 billion this year, down more than 50% from 2012, increases domestic pressures in OPEC and other producers," Morse writes, adding, "Those facing sanctions and internal dissent such as Russia and Iran, where geopolitical tensions could strain further if prices are seen as being manipulated against them." Over the last several months, a number of factors have been "blamed" for the abrupt decline in the price of crude, ranging from excess supply to a lack of global demand to efforts by certain Middle East producers to force out smaller US shale-oil producers. As markets wrapped up the year of trading last week, we highlighted the one-year chart of WTI, which is just a stunner. And oil has only gone lower in the trading days since then. Read more: http://www.businessinsider.com/wti-breaks-50-a-barrel-january-5-2015-1#ixzz3NyLPmyDx
jpismahatma Posted January 5, 2015 Report Posted January 5, 2015 toomuch kadha..... some thing is happening.. some break through technology is coming...
micxas Posted January 5, 2015 Report Posted January 5, 2015 gas 2 bucks peR gallon vatsada rada adi cheppali mundu :police:
vaade_veedu Posted January 5, 2015 Report Posted January 5, 2015 toomuch kadha..... some thing is happening.. some break through technology is coming... Billing entha ?
Hyderabad_Nawab Posted January 5, 2015 Author Report Posted January 5, 2015 gas 2 bucks peR gallon vatsada rada adi cheppali mundu :police: yupp... We can Expect Soon..
jpismahatma Posted January 5, 2015 Report Posted January 5, 2015 Billing entha ? eppudu.. adhe alochana..... $^^E
abhigadu Posted January 5, 2015 Report Posted January 5, 2015 gas 2 bucks peR gallon vatsada rada adi cheppali mundu :police: ikkada 1.8 eay undhi gaa?
Hyderabad_Nawab Posted January 5, 2015 Author Report Posted January 5, 2015 eppudu.. adhe alochana..... $^^E Dhanam Moolam Idam Jagat...
gabbarsingh1 Posted January 5, 2015 Report Posted January 5, 2015 gas 2 bucks peR gallon vatsada rada adi cheppali mundu :police: already 1.89 undi kada vayya
gabbarsingh1 Posted January 5, 2015 Report Posted January 5, 2015 yupp... We can Expect Soon.. nbr nb http://www.dallasgasprices.com/index.aspx?fuel=A
micxas Posted January 5, 2015 Report Posted January 5, 2015 nbr nb http://www.dallasgasprices.com/index.aspx?fuel=A :police: cool
Hyderabad_Nawab Posted January 5, 2015 Author Report Posted January 5, 2015 nbr nb http://www.dallasgasprices.com/index.aspx?fuel=A Lol..
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