Black Friday – Oil Collapses As OPEC Meeting Ends In Chaos
November 28, 2014 at 10:40 AM EST
$66 is a 40% (strong) retracement from the $110 top we saw just over a year ago but this time may be different as OPEC ended their meeting with no agreement to reign in the massive over-supply of crude that's spilling out onto the markets, even in the face of continuing declines in consumption.