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Crude Oil WTI Plunges Below $88 Amid Manic Speculation Unwinding

Crude Oil WTI futures plunged by 24%, falling below $88 from $116 overnight, with gasoline futures also dropping 16% as speculative trading unwinds.

9 Mar, 23:26 — 9 Mar, 23:26
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wolf-streetMixed4h ago

Crude Oil WTI Plunged by 24%, Back Below $88, from $116 Overnight. Gasoline Futures -16%. Manic Speculation Unwinds

The Futures Market is where the Imbeciles go nuts.

By Wolf Richter

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