As energy stocks continue to catch down to oil-price's incessant weakness, US energy company credit risk has surged back above 1000bps for the first time in 3 weeks. WTI Crude oil prices just traded to a $47 handle – the lowest since April 2009.
Another day, another fresh low…
And energy stocks are catching down fast to oil's weakness…
Fool me once (or twice or three times)…
Charts: Bloomberg
