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Oil Armageddon Arrives

It's beginning to look at lot like 2008 all over again
Friday, December 12, 2014, 4:08 PM
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Yesterday, WTIC -- that's US oil -- just broke under $60 a barrel on very heavy volume. Canada heavy crude is at $42 a barrel, and Brent is at $61.73.

All of these are multi-year lows not seen since the great oil crash of 2008 that preceded the even greater financial crash that came just a few months later.

 

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