SCOREBOARD: Crude correction

Oil prices slumped overnight but given the solid data flow, it's hard to see why.

One of the more interesting features of last night’s trading was a big fall in the price of crude. WTI fell about 2.5 per cent to $102, which is the biggest all year. WTI is still above its April lows, but the magnitude of the fall is interesting. Brent followed suit and fell 1.7 per cent to $116.69.

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