Oil Tumbles To $47 Handle After China PMI, Stocks Erase Yesterday's Dead-Cat-Bounce

Tyler Durden
By Tyler Durden of Zero Hedge
Writer at ZeroHedge •

Crude is tumbling despite notable weakness in the US Dollar.

Yesterday's panic-buying stocks into the close to ensure The Dow closed May in the green has now been entirely erased as Oil plunges to a $47 handle...

This is oil's biggest drop in 3 weeks...

 

Crude is tumbling despite notable weakness in the US Dollar...

 

STOCKS IN THIS ARTICLE

OIL
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