Oil goes 'no bid' as it nears the 2017 low - ConsultFX

Oil goes 'no bid' as it nears the 2017 low

Oil crashes 6.7% Oil is threatening some major technical levels as the market goes 'no bid' on thin liquidity ahead of Christmas. WTI is down $3.08, or 6.7%, today to $42.54. The 2017 low was $42.05. If that can't hold we could quickly be looking at the late-2016 low of $39.26.