WTI crude closes at lowest since Aug 27

Crude finished at its weakest level in 10 weeks but the intraday low didn't break the late October floor.

$42.58 is the level to watch in the day ahead after WTI crude traded as low as $42.62. Brent, meanwhile, touched the lowest since August.

Supply numbers continue to show overproduction and if crude breaks, I think it could quickly fall back below $40/barrel.