Crude oil prices have dropping another 4% with Brent reaching its lowest levels since December 2021, after breaking the September 2024 low of $68.60. If Brent is anything to go by, WTI looks like it too will break its corresponding September 2024 low of $64.95 - and therefore the $65.00 psychological level - soon.
Oil price prices have dropped on concerns about the economic impact of Trump's tariffs and after the OPEC+ decided to proceed with a planned April output increase.
Is WTI heading down to $60?
By Fawad Razaqzada, market analyst with FOREX.com
Oil price prices have dropped on concerns about the economic impact of Trump's tariffs and after the OPEC+ decided to proceed with a planned April output increase.
Is WTI heading down to $60?
By Fawad Razaqzada, market analyst with FOREX.com
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.