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WTI Crude •10 mins | 62.40 | +0.90 | +1.46% | |
Brent Crude •10 mins | 65.37 | +0.95 | +1.47% | |
Natural Gas •10 mins | 2.792 | +0.021 | +0.76% | |
Mars US •6 hours | 60.95 | -2.18 | -3.45% | |
Opec Basket •4 days | 65.42 | +1.42 | +2.22% | |
Gasoline •12 mins | 1.977 | +0.027 | +1.37% | |
Louisiana Light •4 days | 65.88 | +0.22 | +0.34% |
Marine •3 days | 64.27 | -0.98 | -1.50% | |
Murban •3 days | 64.67 | -0.91 | -1.39% | |
Iran Heavy •3 days | 62.00 | -1.08 | -1.71% | |
Basra Light •3 days | 64.69 | -0.58 | -0.89% | |
Saharan Blend •3 days | 64.91 | -1.09 | -1.65% | |
Bonny Light •3 days | 64.33 | -1.20 | -1.83% |
Canadian Crude Index •3 days | 50.06 | -2.14 | -4.10% | |
Western Canadian Select •2 days | 51.93 | +0.26 | +0.50% | |
Canadian Condensate •3 days | 62.53 | +0.31 | +0.50% | |
Premium Synthetic •3 days | 63.93 | +0.31 | +0.49% | |
Sweet Crude •2 days | 61.03 | +0.31 | +0.51% | |
Peace Sour •2 days | 58.03 | +0.31 | +0.54% |
Louisiana Light •4 days | 65.88 | +0.22 | +0.34% | |
Domestic Swt. @ Cushing •3 days | 58.00 | -2.00 | -3.33% | |
Giddings •3 days | 51.75 | -2.00 | -3.72% | |
ANS West Coast •5 days | 66.29 | +1.97 | +3.06% | |
West Texas Sour •3 days | 55.76 | -1.72 | -2.99% | |
Eagle Ford •3 days | 59.71 | -1.72 | -2.80% |
In 2020, announced debt and…
Oil prices are at a…
When investors decide to close out their riskier positions and move into “cash”, they don’t actually go to the bank and get a stack of twenties. Most just sell their stocks and let their broker sweep the proceeds into a money market fund which, they assume, is the same thing as cash because it holds high-quality short-term commercial paper that almost never defaults.
That pleasant assumption breaks down as soon as you look at a typical money market fund’s holdings and see that it owns, among other disturbing things, a lot of European bank debt.
But at least you can get your money out with a mouse click, right?
You can read the rest of the article here.
DollarCollapse.com is managed by John Rubino, co-author, with GoldMoney’s James Turk, of The Collapse of the Dollar and How to Profit From It (Doubleday, 2007),…