WTI crude is back below $95.50 - its lowest in a month - as the price of the front-month has dropped over 3% today - its biggest single-day drop since November 2012. USD strength (+0.3%) is being ignored for now by gold and silver which are jumping handily (back over $1230 and $20 respectively). US equities are suffering for the first day of the year for the first time since 2008 (which ended -38.5%) led by Russell 2000 and the Dow Transports - which is seeing its worst day in 4 months.
Oil is having a bad day - and its not a WTI-Brent issue as the spread is stable...
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and the Trannies are tumbling...
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Along with all the other major indices... from Friday's panic-buying highs
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Charts: Bloomberg
Thursday Humor Bonus Chart: We can only assume that Bloomberg did not get the memo on the 100-to-1 reverse split rescaling of Venzuela's stock index... or it really is -99.9%...
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