Some market observations from JPMorgan oil trader Tom Skinglsey as of close of trading on Monday.
Another large outside day in oil (albeit only 1.6 standard deviations vs the last 20 days, which shows just how aggressive this round trip has been), story the same vs my thoughts from this this morning and culminating in WTI settling through $80 at the front and over $8 off lows marked on 5th Aug...
