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00:00:00
uhhuh oil market sinking further Monday plunging to new twelve year low a barrier Reuters energy market editor Jessica Resnick Ault says was just waiting to be broken while her second getting hammered and twenty fourteen and in recent months we've seen on the man but today we thought well one , in a new leg down falling six percent we have a great deal of oversupply both in the U. S. from shale formation and author from deep water production for example in the Gulf of Mexico that continuing story the new story today really wrecked on China , and a question about what Chinese demand and I look like in the year to come on Monday Morgan Stanley warned that a further devaluation of China's you wanted not oil prices down further still who is low twenty dollars a barrel which Resnick alternative not at all a long show one of the really interesting thing that traders are Spangler months further out which you can also bet on , Anthony XR out as twenty seventeen or eighteen or even further into the future have come down today right along with a front month futures and that's really unusual answer that does indicate that they're slower prolong their mentality may really come to fruition , the telephone loyal weighing on U. S. stocked as usual but the major averages fought to close roughly flat , after a very volatile trading day