Brent Slumps After Italian Election, US Products Also Fall Hard

摘要

The petroleum complex sold off on Tuesday, with products sinking particularly sharply and Brent falling harder than Nymex WTI, prompting analysts to ponder whether prices have further to fall in the coming days. Analysts and traders attributed Brent’s relatively steep decline to worries about the political and fiscal situation in Italy. "Italy is overshadowing everything," said one trader.