There will be some sombre Thanksgiving meals in US shale regions and some executives asking why they weren’t hedged on Monday morning.
WTI is below $67 now.
Update: Massive selling hit into the floor close with WTI crude down $7.54 to $66.15, down 10.23% on the session. Ouch.
Wait until another wave of margin calls hits on Monday — heck, we’ll probably get another margin hike to go with it.
