Oil Is Getting Slammed

WTI crude oil futures are dropping fast this morning.

The first big downward thrust came at 9 AM ET, at the NYMEX open, when funds were able to start selling.

Now, oil is down more than 2 percent on the session. Trading has been volatile over the past few weeks.

Click on the chart below to enlarge the image.

(h/t @EnergyRosen)



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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3576+0.0051+0.37%
    USDSGD=X
    1.5614+0.0061+0.39%
    EURSGD=X
    1.9649-0.001-0.05%
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    4.7894-0.0104-0.22%
    SGDCNY=X
    1.0132+0.0008+0.08%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,283.20-8.60-0.67%
    GCM16.CMX
    17.39-0.11-0.62%
    SIN16.CMX
    83.81-3.42-3.92%
    ^XAU
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    HGN16.CMX
    44.03+0.38+0.87%
    CLM16.NYM
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    Bonds
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    1.250.00
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  • Most Actives
    Most Actives
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    0.425-0.005-1.16%
    N21.SI
    0.785-0.020-2.48%
    G13.SI
    3.76-0.07-1.83%
    Z74.SI
    0.385-0.005-1.28%
    E5H.SI
    0.730.000.00%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.48+0.08+20.00%
    BFK.SI
    0.194+0.019+10.86%
    D79.SI
    0.28+0.03+9.80%
    BHO.SI
    0.185+0.015+8.82%
    AYL.SI
    0.50+0.04+8.70%
    BQP.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.088-0.082-48.24%
    P74.SI
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    Y06.SI
    0.125-0.027-17.76%
    5MQ.SI
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    AWK.SI