Oil Gets Slammed Right At The Open, Gold Surging

Oil just took a big hit when trading on the NYMEX opened at 9 AM ET.

Before the open, WTI crude oil futures were trading around $92.73 a barrel. Since then, futures fell to a low of $91.65 and are now trading around $91.99, down 1.2% on the day.

OilClick to enlarge

Meanwhile, gold is putting in a strong performance this morning. The shiny yellow metal is now back above $1400 an ounce, now trading near $1407, up 1.1%.

goldClick to enlarge

Silver is catching a bid too, up 1.4% today.

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