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WTI Crude Crushed To $43 Handle "Flash-Crash" Lows After Genscape Data

Oil was already weak this morning but the release of Genscape estimates of yet another siazable inventory build (1.8 million barrels) appears to have kicked the down-leg a notch lower. The overnight flash-crash lows are now in sight at WTI Crude trades with a $43 handle once again (and Dow Transports converge lower).

 

 

And Trannies are catching back down once again...

 

Charts: Bloomberg