Tuesday, August 28, 2018

WTI crude oil fell below $ 100

WTI crude oil fell below $ 100 on the call against the demand

Thursday afternoon oil futures West Texas Intermediate (WTI) fell below $ 100, since as concerns about US demand for oil and gasoline have increased.



During morning trading on the New York Mercantile Exchange WTI crude oil for September delivery reached a session low of $ 99.18 per barrel (at least from 15 July). Wednesday futures traded at $ 100.27 a barrel.


Continued growth
gasoline stocks during the peak summer
driving season in the US is putting pressure
on oil prices, as well as rumors of
decline in demand.

Now the schedule of oil is as follows:

WTI crude oil fell below $ 100


On Friday, investors
expect the data to change the number
engaged in non-agricultural
US private sector in July, which will point to
the degree of recovery in the labor market.


On the ICE exchange in London
Brent crude oil for September delivery fell
to $ 105.94 a barrel, the lowest level
on July 15.



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