Brent Crude Soars 8% Off Lows - Erases Entire Post-Doha Drop
Sometimes you have to laugh...
- *BRENT CRUDE ERASES DECLINE, TRADES 22C HIGHER AT $43.32/BBL
While WTI is still not quite there, Brent Crude has erased a 7%-plus decline...
Credit Suisse suggests a few reasons for the Market Bounce - Pain trade higher, Energy covering, Gorman comments, NAHB elevated, HY/Equities decoupling from oil
1-HF exposures remain at 3 year lows + long only cash parked on sidelines – Pain trade higher, dips being bought most cited reason for this morning’s bounce