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Crude oil lower for the 3rd consecutive day
The price of crude oil fell for the 3rd consecutive day. Today the settlement price for the day came in at $83.74 down $-1.75 or -2.05%. That decline comes on the back of a fall of -2.94% yesterday and a fall of -0.33% on Friday. The price action is volatile as market react to mideast tension, Russia, and then there are the risks from the global economy. Europe PMI data today showed weakness and ECB's Lagarde warned of slower growth. In the US, GDP is expected to be north of 4% (or even 5%...
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Posted: Oct 24 2023, 19:19
Author Name: forexlive
Views: 112297