Driven by both a technical level break and comments from Saudi crown prince bin Salman, WTI Crude just tumbled to below $47.50 - its lowest since early November...

Breaking below last week' slows, testing stops below early March's lows...

WTI broke down to pre-OPEC deal levels...

After Saudi Crown Prince Mohammed bin Salman commented... saying OPEC and Non-OPEC deal was unprecedented, and that the optimistic scenario for oil prices if $55, and $45 is lowest.

• *SAUDI PRINCE: SAUDI BUDGET DEFICIT NARROWED MORE THAN EXPECTED
• *SAUDI PRINCE: SAUDI ECONOMY AVOIDED RECESSION
• *SAUDI PRINCE: NON-OIL REVENUE IN 1Q EXCEEDED EXPECTATIONS
• *SAUDI PRINCE: OPEC, NON-OPEC DEAL WAS UNPRECEDENTED

And we also note that RBOB (Gasoline) prices have tumbled to 8-month lows...