<p>Another day, another big swing in crude oil. </p><p>The price of West Texas Intermediate crude oil was down more than 2% on Thursday morning to below $49 a barrel.</p><p>This drop in crude follows a more than 4% rally on Wednesday that followed <a href="http://www.businessinsider.com/explosion-and-fire-on-the-oil-platform-in-gulf-of-mexico--45-hurt-and-300-evacuated-2015-4">reports of a platform fire</a> in the Gulf of Mexico from Mexican state-run oil giant Pemex. </p><p>On Wednesday, the latest data from the EIA that showed that crude oil inventories in the US continue to build and remain near an 80-year high. </p><p>Here's the latest drop in crude early Thursday.</p><p><div class="KonaFilter image-container display-table"><div><div class="image"><img src="https://static-ssl.businessinsider.com/image/551d235169beddb666c2b3a3-964-440/fut_chart (17)-2.png" border="0" alt="fut_chart (17)"><p class="source"><span>FinViz</span></p></img></div><p></p></div></div></p>

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Crude oil is tumbling

Another day, another big swing in crude oil. The price of West Texas Intermediate crude oil was down more than 2% on Thursday morning to below $49 a barrel.This drop in crude follows a more than 4% rally on Wednesday that followed reports of a platform fire in the Gulf of Mexico from Mexican state-run oil giant Pemex. On Wednesday, the latest data from the EIA that showed that crude oil inventories in the US continue to build and remain near an 80-year high. Here's the latest drop in crude early Thursday.FinViz

Another day, another big swing in crude oil. The price of West Texas Intermediate crude oil was down more than 2% on Thursday morning to below $49 a barrel.

Crude oil is tumbling

Myles Udland

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