Oil swooned again yesterday, from $35.97 to $34.15. It's down again today.

Were the month to close here (charts below captured yesterday), this would be the lowest monthly close dating all the way back to December 2003.

Crude Monthly Chart

image: http://4.bp.blogspot.com/-4aqmb_Se6Cs/Vo2mpJb_J7I/AAAAAAAAg2g/tGdpziG2mKM/s400/Crude%2BMonthly%2B2016-01-06.png