Crude oil settles at $68.04
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The worth of WTI crude oil is settling it $68.04. That’s down $2.34 or -Three.32%. The low value for the day has reached $67.94. The excessive value was up $70.53.
Technically, the worth excessive as we speak stalled towards its 200 hour transferring common presently transferring greater at $70.94. Sellers leaned close to the transferring common stage and pushed the worth lowered.
Basic catalysts embody
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Donald Trump’s pro-drilling stance and US election win strained market sentiment.
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A robust US greenback elevated oil prices for non-US patrons.
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Provide progress from non-OPEC producers and OPEC+’s manufacturing challenges added to investor worries.
This text was written by Emma Wang at www.ubaidahsan.com.
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