Futures Now

How Are You Playing Oil's Slide?

Brent crude oil fell below $108 a barrel on Thursday after comments by European Central bank President Mario Draghi raised the prospect of further weakness in the euro zone and a bleaker outlook for oil demand.

Tyler Stableford | Image Bank | Getty Images

"The Governing Council continues to see downside risk to the economic outlook for the euro area," Draghi told a news conference after an ECB policy meeting.

Oil prices reacted to the statement swiftly, falling more than 50 cents per barrel. Brent crude was down 0.9 percent to below $108 a barrel, after dropping for the past three sessions. U.S. crude lost about 1.4 percent to $86 a barrel.

— Reuters contributed to this report

Read on for 10 Things You Need to Know to Trade Futures

Watch "Futures Now" Tuesdays & Thursdays 1p ET exclusively on FuturesNow.CNBC.com!

Like us on Facebook! Facebook.com/CNBCFuturesNow

Follow us on Twitter!@CNBCFuturesNow