Brent oil priced in euros. Oops! Euroland is experiencing a recession already & an ugly debt bomb. This cocktail is absolutely poisonous!? Once the persian tensions are resolved, oil prices will nosedive just like in july 2008 as well as global stocks. The lofty markets have lost it fundamentally!
Courtesy - zerohedge & bloomberg.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!