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Crude oil down over $2 at $77.19
Today, as US economic growth figures come in below expectations, crude oil prices continue to decline. Currently trading at $77.19, the price has dropped by $2.05, or 2.59%, with the day's low reaching $77.15. The daily chart reveals that the price is nearing its 100-day moving average of $76.83.Following the surprise OPEC+ production cut announcement during the weekend of April 1, the price rose above the 100-day moving average, creating a gap between $75.70 and $79. If the downward momentum co...
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Posted: Apr 20 2023, 14:58
Author Name: forexlive
Views: 110614