Earlier today two more ships reported they had lost their ability to steer making six in all counting the one being described as a hijacking.
But oil just keeps going down:
As an homage to Duchamp I shall title that one Crude Descending a Staircase, No.1.
In some ways it is more beautiful than Nude Descending a Staircase, No. 2
More serious stuff after the U.S. equity close. WTI down $2.51 (3.56%) at $68.05 but with a warning: It's been three days of down and as short positions expand the chances of a countertrend move to the upside increase.
Most recently:
