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WTI erases latest bounce higher and breaks to new 2018 low

4:22 PM 20 November 2018
Immense sell-off present on the global equity markets spills over to other assets classes, mostly commodities. In turn we are observing severe declines on the oil market. WTI grade not only erased gain achieved in the past few days but also broke below previous swing level around $55 handle. In turn WTI is trading at new 2018’s low. At 3:20 pm GMT WTI is quoted at $54.08 (-3.13%).
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