Crude Carnage Goes Contagious As Brevan Howard Liquidates Underperforming Commodity Fund | WHAT REALLY HAPPENED

Crude Carnage Goes Contagious As Brevan Howard Liquidates Underperforming Commodity Fund

The entire commodity complex is seeing major contagion-like price declines in early trading. WTI Crude is back below $65 for the first time since May 2010 - now down 16% since the initial leaks of OPEC's decision last Wednesday. Gold and Silver are getting whacked and copper has plunged below 300 - back at its lowest since June 2010. The news over the weekend that Brevan Howard is liquidating its $630 million commodity hedge fund following recent poor performance is also likely not helping as what looked like late-Friday margin call liquidations are extending notably this evening.

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