BKR - WTI crude collapses below $70 for first time since September

WTI and Brent crude oil benchmarks both plunge more than 10% as a newly discovered coronavirus strain sparks fears over the global economic recovery and the potential effects on travel and oil demand. U.S. crude for January delivery (CL1:COM) -11.5% to $69.32/bbl for its biggest drop since April 2020, and January Brent crude (CO1:COM) -10.3% to $73.70/bbl. ETFs: USO, UCO, SCO, BNO, USOI, USL, DBO The energy sector (XLE -5.9%) sinks to the bottom of the S&P sector standings, reversing after the sector rallied between Monday and Wednesday. Occidental Petroleum (OXY -11.2%) is the group's weakest performer, falling below its 50-day and 200-day moving averages to a two-month low. Devon Energy (DVN -9.0%) slides off its best level since early 2017 toward its 50-day moving average. Also: APA -10.8%, MRO -10.1%, VLO -8.9%, PSX -8.5%, SLB -8.4%, HAL -8.2%, RIG -8.1%, BP -7.7%, EOG -7.6%, MPC -7%, COP -6.9%, RDS.A -6.1%,

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WTI crude collapses below $70 for first time since September