Crude Oil a Buy as Panic Selling Begins

By International Business Times,  September 18, 2012, 05:35:23 PM EDT

Crude Oil seeing "Panic Selling" trading

DK, MPC, PSX, WNR, USO, XOM

The unusual, and unexplained, drop in the price of Crude Oil Monday has created some serious shake outs in the price and the trends in oil. With NYMEX WTI Crude reaching to just over $100.25 Friday, Crude Oil was still between 99.00 and 99.50 Monday before the floor came out from under Crude Oil's footing.

Selling pressure started and then the price drop went from 98.75 down to under 96.00 in a few minutes.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



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