Today's Rates 11-26-14
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|Energy shares plummet in quiet session, retailers up|
|U.S. crude down seven percent to May 2010 low on OPEC, new low likely|
By Barani Krishnan NEW YORK (Reuters) - U.S. crude fell 7 percent on OPEC's decision to not cut output, but light trading on Friday after the U.S. Thanksgiving Day holiday meant there could be more losses when markets return to full strength next week, traders said. West Texas Intermediate (WTI) light U.S. crude hit a four-and-half-year low of $67.75 a barrel overnight after Saudi Arabia blocked calls on Thursday from poorer members of the Organization of the Petroleum Exporting Countries to reduce production. U.S. ...