WTI crude oil sinks below $60.00 as stops hit
Negative turnaround today
The US week started with gains for WTI as it rose to $60.90 but it's now fallen sharply from those levels. The selling accelerated in the past few minutes in a quick fall to $59.65 from $60.10.
The selling is likely technical. I can't see anything on the newswires to justify the fall and the move accelerated on the break of $60.00.
Here is a look at the past two weeks: