# Oil went through a flash crash overnight

> 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.

- Date: 2017-05-05 · published 2017-05-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11193-oil-went-through-a-flash-crash-overnight
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2017/05/05/oil-went-through-a-flash-crash-overnight.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.