U.S. Markets close in 4 hrs 34 mins

U.S. shale producers won't let oil drop below $45: NYSE trader

Alan Valdes, director of floor operations at Silverbear Capital, joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss a call from the world's largest oil trader, Ian Taylor, that Brent crude oil will drop to $45 per barrel, which would correspond with US WTI crude under $40.