We have new lows in crude oil.
On Thursday, West Texas Intermediate crude oil prices crashed to below $US44 a barrel.
Prices were down almost 4% on Wednesday so Thursday’s drop represents another drop of just about 1%, though this marks yet another milestone for the the commodity amid its recent collapse.
WTI prices haven’t been below $US44 since February 2009.
So, still no clear bottom for oil.
Here is Thursday’s quick drop.