Oil Plunges, As The "Arab Spring" Rally Is Officially Erased

One other interesting market observation on this day of massive selling…

With oil falling to around $87/barrel, the “Arab Spring” rally is now totally gone.

It was always kind of a nebulous thing, the Arab Spring, at least in terms of when it began, and when oil traders started paying notice.

But you can see pretty clearly that the big spike in February (as Egypt really started roaring) is over.

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Photo: FinViz

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