Moneymoney

Mon Dec 24, 2018, 03:20 PM

and the oil markets...

NEW YORK (Reuters) - Oil prices plunged more than 6 percent to the lowest in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market.

U.S. crude futures and global benchmark Brent fell to the lowest since the second quarter of 2017 during the session, putting both benchmarks on track to lose about 40 percent in the quarter.

"What's happening in the stockmarket is raising fears that the economy is grinding to a halt and thereby will basically kill any future oil demand," said Phil Flynn, an analyst at Price Futures Group in Chicago. "They're pricing in a slowdown in the economy if not a recession, with this drop."

https://finance.yahoo.com/news/oil-eases-oversupply-concerns-ahead-holiday-035726306--sector.html

6 replies, 202 views

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Reply and the oil markets... (Original post)
uncledad Dec 2018 OP
quad489 Dec 2018 #1
uncledad Dec 2018 #2
Grumpy Pickle Dec 2018 #5
uncledad Dec 2018 #6
Bob the Bilderberger Dec 2018 #3
Let it go Dec 2018 #4

Response to uncledad (Original post)

Mon Dec 24, 2018, 03:25 PM

1. 'Oil prices plunged more than 6 percent'..more great news for electric car/solar panel/etc companies

Not!

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Response to quad489 (Reply #1)

Mon Dec 24, 2018, 03:30 PM

2. Global markets are slowing.

If you think the stock market is forward looking, the signals they are sending are not positive for a lot of industries.

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Response to uncledad (Reply #2)

Mon Dec 24, 2018, 11:35 PM

5. It looks like a hot mess.

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Response to Grumpy Pickle (Reply #5)

Mon Dec 24, 2018, 11:45 PM

6. Yes it does.

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Response to uncledad (Original post)

Mon Dec 24, 2018, 04:04 PM

3. Democrats are taking over congress in January

People are looking at the probability of zero economic growth until 2021.

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Response to uncledad (Original post)

Mon Dec 24, 2018, 07:28 PM

4. Thanks Powell!!

He’s managed to crash a hard landing as the Fed usually does.

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Moneymoney