The value of crude oil has tumbled to a new 5.5-year low, triggering another sell-off on markets around the world. The Australian share market is following through building on yesterday falls. Right now, the All Ords down 20 points or 0.5%. The ASX 200 Index matching that decline. On Wall Street, the Dow Jones lost 0.6%. The S&P 500 Index shed 0.5% by the end of trade. Looking at commodities now, and Spot Gold is edging a little high in the Asian session. Both Tapis Crude and West Texas Intermedia Crude Oil came down overnight. And the Australian dollar right now holding above 82 US cents. 

 

And National Australian Bank has revealed it’s getting a 2.3 billion dollars of risky loans of its books in the UK. Now this selling that mainly defaulted high to high loan to value loans to inflict the company called surfers global invested.