WTI crude oil sinks below $60.00 as stops hit

Author: Adam Button | Category: News

Negative turnaround today

The US week started with gains for WTI as it rose to $60.90 but it's now fallen sharply from those levels. The selling accelerated in the past few minutes in a quick fall to $59.65 from $60.10.

The selling is likely technical. I can't see anything on the newswires to justify the fall and the move accelerated on the break of $60.00.

Here is a look at the past two weeks:
Negative turnaround today

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