FYI: While US equities are set to trade lower on this holiday-shortened day after Thanksgiving, the big story is the sharp drop in crude oil prices. Crude is trading down over 5% this morning to another 52-week low near $50 per barrel. Looking at the chart, it’s amazing to see how sharp and fast the drop has been from what were multi-year highs just a few short weeks ago. In the span of just 36 trading days, prices have dropped by about a third!
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/rude-crude/
