Thanksgiving (and the day after) are usually some of the quietest days of the year but not today.

The US dollar rallied, bonds ripped while oil cratered.

Trading has begun to quiet now as oil traders wonder what happened.

Citi is out with a note on oil saying the fall below Brent was critical and a fall to $45-50 could be in the cards.

Brent crude falls below 618 retracement

Brent crude falls below 61.8 retracement