ForexLive Americas FX news wrap: Oil hits lowest since 2009

Discussion in 'Market News' started by ForexLive, Dec 8, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Forex news for US trading on Dec 8 , 2015: - WTI crude up 20 cents to $37.85 after falling as low as $36.64 - S&P 500 down 14 points to 2063 - US 10-year yields down 1 bps to 2.22% Oil and commodities were the big story early in the day. As US traders arrived, heavy selling in crude began. WTI was at $37.80 and quickly sank below $36 to the worst levels since 2009. Other commodities dropped as well. Not long afterwards, shorts began to cover and crude rebounded and squeezed up to $38.58. Eventually it sank back to where it started.

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