Risk appetite slips as crude tumbles: An ugly session for WTI and Brent crude oil futures overnight with both registering declines in excess of 5%

David Scutt

Scutt Partners

Risk appetite slips as crude tumbles: An ugly session for WTI and Brent crude oil futures overnight with both registering declines in excess of 5%. Front-month WTI futures fell to as low as $49.77 with Brent faring even worse, declining over 6% to a low of $52.66. Both are now trading at the lowest level seen since mid-2009 with losses since mid-June last year sitting at 54%. In line with the move in crude the S&P 500 energy sector slid by 4%, something to keep in mind given the energy sector led index gains in Australia yesterday. (VIEW LINK)


David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...

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