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WTI crude oil settles sharply lower on the day

The price of WTI crude oil is settling down -$3.95 or -4.62% at $81.64. The price settled at $85.59 yesterday.

The move to the downside today was helped by expectations of lower demand for China as a result of another spike higher in Covid cases. A stronger USD also helped contribute to the decline, as did less tension after the missile strike in Poland was refuted and believed to friendly fire from Ukraine defenses.

The low price today reached $81.42. The high was up at $85.42... Read More

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Crude

Settles

Sharply

Lower

Forex

Posted: Nov 17 2022, 19:58

Author Name: forexlive

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