Crude and the equity markets

So, rumors of Saudi / Russia collaboration caused a 15% rally off of last week's lows for crude and a lesser rally in sympathy by equities. The rumors of some type of action came to fruition overnight last night - but the action had all the significance of a hand towel being used to sop up the Atlantic Ocean. Crude has been cascading lower over the last eight hours since the announcement out of OPEC and the equity markets are starting to recognize the futility of OPEC's announcement as well. We're staying short of crude.

Posted to Peak Analytics' Direction... on Feb 16, 2016 — 10:02 AM

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