Down $1.37 or 2.15%
The price of WTI crude oil futures are selling at $62.32. That's down $1.37 or 2.15%.
The price has since moved down to test the $62 level.
The move lower was the seventh consecutive day with lower levels. Over that time, the price has moved -10.87%. The next target comes in at the May 21 low at $61.58. Below that is the 200 hour moving average at $60.66 and the 38.2% retracement of the move up from the November 2020 low. That level comes in at $60.42.
Slowdown in China has been a contributor to expectations for lower oil demand and lower prices.
