The Brent oil price was bashed lower again overnight to $47.99. Henry Hub was pulverised 6% to 2.85mmBtu:
Cue some OPEC jawboning! Only problem is, the damn thing is getting exposed:
Crude oil prices could crash more than 10% if the Organization of the Petroleum Exporting Countries fails at implementing a plan to curb output when it meets later in November, Goldman Sachs warns.