{"id":452393,"date":"2021-11-29T08:24:13","date_gmt":"2021-11-29T02:54:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=452393"},"modified":"2021-11-29T09:04:49","modified_gmt":"2021-11-29T03:34:49","slug":"oils-black-friday-algos-and-options-turn-a-tumble-into-a-crash","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oils-black-friday-algos-and-options-turn-a-tumble-into-a-crash\/","title":{"rendered":"Oil&#8217;s Black Friday: Algos and options turn a tumble into a crash"},"content":{"rendered":"<p>Black Friday turned red very quickly for global oil markets. <\/p>\n<p>The day after Thanksgiving has been choppy before &#8212; fewer traders can mean more volatility &#8212; but nothing like this year. The prospect of the freshly named Omicron variant of Covid derailing the world\u2019s fight against the pandemic saw an early morning sell-off become a full-blown crash. <\/p>\n<p>At the end, investors were rushing to cover short positions, analysts were ripping up forecasts and next week\u2019s OPEC+ meeting was up in the air. West Texas Intermediate oil, the U.S. benchmark, closed 13% lower, the biggest decline since April 2020. Brent crude slumped 12%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Black Friday turned red very quickly for global oil markets. The day after Thanksgiving has been choppy before &#8212; fewer traders can mean more volatility &#8212; but nothing like this year. The prospect of the freshly named Omicron variant of Covid derailing the world\u2019s fight against the pandemic saw an early morning sell-off become a full-blown crash. At the end, investors were rushing to cover short positions, analysts were ripping up forecasts and next week\u2019s OPEC+ meeting was up in the air. West Texas Intermediate oil, the U.S. benchmark, closed 13% lower, the biggest decline since April 2020. Brent crude [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-452393","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/452393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=452393"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/452393\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=452393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=452393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=452393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}