WTI crude oil futures settle at $109.59

WTI crude oil futures for June delivery settled at $109.59. That's down $-2.81 or -2.5%. The high for the day reached $115.42. The low extended to $108.46.

The June contract last day of trading is May 20 (Friday). Most of the trading is now in the July contract. It is trading at a discount of $106.55 currently.

The price action today was focused on the potential for slowdown in the economy on the back of tighter central bank policy.

The weekly crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Read this Term inventory showed a larger than expected drawdown of -3.394M barrels. The expectations was for a build of 1.383M. The drawdown Drawdown In financial trading, the drawdown represents the amount of money a trader can lose or has lost, following a series of losing trades. This is measured from the high of the trader’s capital to its low, over a given period of time. This is usually expressed as a percentage of a trader’s account. The current drawdown is simply the amount of money a trader’s balance has been reduced by in a given time, without necessarily closing out at that point.For example, if a trader placed an initial deposit o In financial trading, the drawdown represents the amount of money a trader can lose or has lost, following a series of losing trades. This is measured from the high of the trader’s capital to its low, over a given period of time. This is usually expressed as a percentage of a trader’s account. The current drawdown is simply the amount of money a trader’s balance has been reduced by in a given time, without necessarily closing out at that point.For example, if a trader placed an initial deposit o Read this Term did not influence the price action. Sellers were intent on pushing the price lower today.

Technically, the price is settling below its 100 hour moving average at $110.95 above its 200 hour moving average at $107.92.