Oil: Also Getting Killed

Crude oil futures picked up after ISM and construction spending beat estimates. As concerns of a Greek default and resulting global economic slowdown mount, oil futures fell on expectations of lower fuel consumption. Oil futures moved 2% lower at $77.61 a barrel.

The same concerns pushed gold futures up 1.96%, as investors sought out safe havens. Silver is up 1.62% as well. The copper sell-off continued, despite reports that the decline in Chinese copper demand was overblown.

Here’s a look at the volatility in crude oil today.

oil

Photo: Fin viz

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