Thursday, November 27, 2014

Oil [WTO] is crashing!



By Myles Udland 3 hours ago 

Crude oil just broke $70 for the first time since June 2010.

West Texas Intermediate crude futures are below $70 after Thursday's OPEC meeting resulted in the oil cartel announcing that it will not cut production.

On Thursday, WTI futures were down as low as $68.90, a more than 6% decline in the last 24 hours following the news.

Source: http://finance.yahoo.com/news/oil-crashing-161800860.html

See also:
http://www.bloomberg.com/energy/

Crude Oil (WTI)
USD/bbl.
69.05
-4.64
-6.30%
Jan 15 Contract

Update: 29 November 2014:
West Texas Intermediate tumbled 10 percent [yesterday] to $66.15 for the biggest drop in more than five years.

No comments: