WTI Approaching US$50/bbl
EYHTomokojgCrude oil extended another leg of decline, erasing earlier rebounds, as UAE oil minister Suhail Al-Mazrouei's comments intensified supply concerns. The front-month contract for WTI crude oil slumped to as low as 55.02 before ending the day at 55.91, down -3.29%. The Brent crude contract dropped to as low as 60.2 beofre settling at 61.06, down -1.28%.
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WTI Approaching US$50/bbl
