Reacting to the crude price blood bath on their screens, dozens of Wall Street research shops are blasting bearish notes to institutional investor clients as we write.
There is a common thread in every one of these notes that we’ve seen. Wall Street analysts blame relentless US tight oil producers and their growth (which is poised to flood the oil markets) for pulling the rug out from under crude.
In an interesting turn of events, at least one of the tight oil producers is pointing the finger right back at Wall Street in the latest oil price drop. What he said and what it all means in this update…
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