FT Alphaville » A negative spin to crude’s mysterious slide

People are still scratching their heads over what possibly sparked crude oil’s sell-off in the middle the US trading day on Monday.

Explanations in contention include: fat fingers, SPR talk and general illiquidity due to the Jewish New Year.

Yet one of FT Alphaville’s own beady-eyed commenters immediately noticed that the slump coincided almost exactly with the following report from Reuters:

(Reuters) – The ECB could cut its main interest rate, put its deposit rate into negative territory and offer banks a new round of ultra-cheap funding, policymaker Luc Coene said on Monday, adding Spain’s borrowing costs would soar again without a support programme.

* username: rupertbu