There were outsized losses in the oil complex, yesterday. The economic data from China weighed, as did the disappointing jobs report from ADP. There was even concern that the ECB would not lower rates, but that concern has been obviated by this morning’s announcement of a rate cut from .75 to .50. The theme for commodities is deflation, and all the efforts of global central banks to spur inflation has not killed the beast.
Energy Overview — TotalView™ of the Energy Markets