WTI crude oil tumbled to as low as 75.17 after weaker-than-expected new home sales data and surprising surge in crude inventory. Price, however, recovered and traded around 76 for the rest of the day. The front-month WTI contract closed at 76.35, down -1.93% while Brent crude settled at 76.68, down -2.28%.
See the original post here:
Dovish FOMC Hurt Sentiment, Crude Soft
Leave a Reply
You must be logged in to post a comment.