- Brent crude fell to a new five-year low as a number of banks, including Morgan Stanley cut price forecasts, saying oversupply would peak next year after OPEC decided not to cut output.
- Brent for January settlement declined as much as $1.72 to $67.35 a barrel on the ICE Futures Europe exchange, its lowest intraday price since October 2009.
- WTI for January delivery also slumped, dropping as much as $1.25 to $64.59 a barrel on the New York Mercantile Exchange.
- ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, UWTI, USL, DWTI, DNO, SZO, OLO, TWTI, OLEM