WTI crude oil gives back the gains, but holds steady

0 52

WTI crude oil prices are down over 28% on the day again.

This comes just after the commodity marked a strong rebound following last week’s drop into negative territory.

The declines in crude oil, however, keep prices within the range of 18.62 and 12.34.

The new declines come on the back of oversupply concerns.

As long as prices hold near the 12.34 level, we expect the declines to be limited, but expect volatility to rise on a breach below this level.

Test your strategy on how Oil prices will fare - Open Your Orbex Account Now


or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.