Wednesday, January 6, 2016

OILbliteration

Oil is tanking because gasoline inventories are near an all time high...


"Last week, the U.S. added 10.1 million barrels of gasoline...It's the biggest increase in gasoline supply since 1993," said John Kilduff, founding partner at Again Capital. "Gasoline prices are going to collapse"


Emerging Market stocks and energy stocks, new lows...



Oil volatility is ready to explode (red line).
WTI price from as of yesterday's close...



This charade is running on fumes
Dollar / Yen...



The CNBS narrative of dunces: "Jobless consumers can benefit from lower gasoline prices"