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WTI crude plunged about 3% in minutes overnight to a low of $43.76, its lowest since mid-November, before rebounding above $44 and then $45. Traders blamed margin calls and computer trading for the sudden drop.
A flash-driven move with no clear fundamental cause adds volatility to crude and can briefly lower energy input costs, though it does not change the underlying supply picture.
cnbc.comTom DiChristopherMay 5, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
