Oil Is Getting Slammed

Crude oil prices are getting hit again today.

Right now, WTI crude futures are down 2.7%, trading around $86.30 a barrel.

In the pas few minutes, for no obvious reason, oil made a significant move lower.


Oil has taken a beating as part of a broader sell-off across the commodity complex in the past week.

Today, while metals and soft commodities are holding up, energy commodities are deep in the red (gasoline and heating oil are both down around 2.3 per cent on the day).

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.