Brent falls below $70 per barrel for first time since May 2010 via ForexLive

There will be some sombre Thanksgiving meals in US shale regions and some executives asking why they weren't hedged on Monday morning.

WTI is below $67 now.

Update: Massive selling hit into the floor close with WTI crude down $7.54 to $66.15, down 10.23% on the session. Ouch.

Wait until another wave of margin calls hits on Monday — heck, we'll probably get another margin hike to go with it.

posted via ForexLive

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: ForexGlobalEconomics
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!