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WTI crude falls below $86

Saudi Arabia today reiterated today that it would keep its voluntary output cut in place through year end and OPEC's monitoring committee said it wouldn't recommend any policy changes. Those are headlines that should be bullish but oil is falling anyway, and in dramatic fashion.WTI crude is down $3.35 to $85.88, which is the lowest since early September and nearly a $10 drop from last week's highs.A retest of the August highs near $85.00 is where oil might find support.There isn't a big fundamen... Read More

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Posted: Oct 4 2023, 15:17

Author Name: forexlive

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