Crude Oil Plunged on STrong USD, Concerns over Resurgence of US SHale OUtput

Commodities got dumped as US dollar strengthened further on better-than-expected macroeconomic data. The front-month contract for WTI crude oil lost -2.83% while the Brent crude contract dropped -2.75%. Concerns that US shale production would accelerate again in the absence of OPEC output added to the pain.

from Oil N' Gold Focus http://ift.tt/1cYIvuw