Oil Prices Tumble as Traders Price In a Strait of Hormuz Breakthrough
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September WTI crude oil futures are trading at $78. 08 early Friday, down $8. 72, or 10. 05%, for the week. The market opened at $80. 10, traded as high as $82. 33, and fell to $74. 24. With Friday’s session still ahead, the weekly result is not final. But the message from the price action is clear.
September WTI crude oil futures are trading at $78. 08 early Friday, down $8. 72, or 10. 05%, for the week. The market opened at $80. 10, traded as high as $82. 33, and fell to $74. 24. With Friday’s session still ahead, the weekly result is not final. But the message from the price action is clear.
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Original source: OilPrice.com