Good morning to all! At 2-1/2 hours before opening we got index futures off -0.18% and metals up 0.15%. Whole lot of waitin'n'seein going on. In fact, the only report today is Pending Home Sales at 1-1/2 hrs into trading. News is ok tho...
Threads:
Putin and the Opecker Princes and South American Oil producing despots take another hard kick be their economic belts.
Crude oil just broke $80.
In morning trade on Monday, the price of crude oil fell below $80 a barrel for the first time since mid-2012 as energy prices continue to plummet around the world.
The most recent drop in oil, which has been a bear market since topping out at about $107 during the summer, follows a cut in oil-price expectations from Goldman Sachs’ Jeff Currie over the weekend.
Currie took his oil-price forecasts for WTI Crude to $75 a barrel in the first quarter of 2015 and to $70 a barrel in the second quarter of next year.
Excerpt go to the link for the full article.
http://www.businessinsider.com/crude-oil-falls-below-80-october-27-2014-10