from King World News
With the price of crude oil collapsing to -$42 a barrel today, Ole Hansen at Saxo Bank and legend Pierre Lassonde weighed in on the carnage in crude oil.
OIL PRICE COLLAPSE: ‘What The F*ck?’
April 20 (King World News) – When asked about today’s historic collapse in the price of crude oil, Ole Hansen, Head of Commodity Strategy at Saxo Bank, told King World News: “I was walking on the beach with a glass of wine and when I got back to my computer screen I said, ‘What the f*ck?’ The oil price had collapsed under $10 and the collapse accelerated from there hitting (negative) -$40+ a barrel at one point in panicked trading.