SCOREBOARD: Crude knock

Crude prices took a heavy hit overnight, with speculation rife that high frequency trading was responsible.

In the space of a few minutes, in what is being touted as a ‘fat finger’ error or some computer malfunction, crude prices fell over 3 per cent – the biggest fall in eight weeks – on a rapid surge in trading volumes. Either way high frequency trading looks to have been the culprit so whether it was a fat finger error or what, remains to be seen.

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