Markets & Finance

Energy Futures Sharply Lower


2:55 p.m. PHIL FLYNN, Alaron Trading, Chicago: Energy futures skidded in a carryover of Wednesday's late selloff and were weak at the opening. Gasoline was slammed; a carryover of Wednesday's profit taking. There was no particular news other than technical news. A crude oil price break below $30 was a big psychological let down. OPEC ministers have been less aggressive about production lately, and traders are looking to see if they change their tune; they have been talking about raising bands. 2:55 p.m. PHIL FLYNN, Alaron Trading, Chicago: Energy futures skidded in a carryover of Wednesday's late selloff and were weak at the opening. Gasoline was slammed; a carryover of Wednesday's profit taking. There was no particular news other than technical news. A crude oil price break below $30 was a big psychological let down. OPEC ministers have been less aggressive about production lately, and traders are looking to see if they change their tune; they have been talking about raising bands. 2:55 p.m. PHIL FLYNN, Alaron Trading, Chicago: Energy futures skidded in a carryover of Wednesday's late selloff and were weak at the opening. Gasoline was slammed; a carryover of Wednesday's profit taking. There was no particular news other than technical news. A crude oil price break below $30 was a big psychological let down. OPEC ministers have been less aggressive about production lately, and traders are looking to see if they change their tune; they have been talking about raising bands. 2:55 p.m. PHIL FLYNN, Alaron Trading, Chicago: Energy futures skidded in a carryover of Wednesday's late selloff and were weak at the opening. Gasoline was slammed; a carryover of Wednesday's profit taking. There was no particular news other than technical news. A crude oil price break below $30 was a big psychological let down. OPEC ministers have been less aggressive about production lately, and traders are looking to see if they change their tune; they have been talking about raising bands. 2:55 p.m. PHIL FLYNN, Alaron Trading, Chicago: Energy futures skidded in a carryover of Wednesday's late selloff and were weak at the opening. Gasoline was slammed; a carryover of Wednesday's profit taking. There was no particular news other than technical news. A crude oil price break below $30 was a big psychological let down. OPEC ministers have been less aggressive about production lately, and traders are looking to see if they change their tune; they have been talking about raising bands. 2:55 p.m. PHIL FLYNN, Alaron Trading, Chicago: Energy futures skidded in a carryover of Wednesday's late selloff and were weak at the opening. Gasoline was slammed; a carryover of Wednesday's profit taking. There was no particular news other than technical news. A crude oil price break below $30 was a big psychological let down. OPEC ministers have been less aggressive about production lately, and traders are looking to see if they change their tune; they have been talking about raising bands.


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