WTI crude oil futures settle at $39.62

WTI crude oil futures settle down $1.28 or -3.13%

The WTI crude oil futures settle at $39.60. That is down -$1.28 or -3.13%.

The high for the day reached $40.99. The low extended to $39.27.

The fall comes amid coronavirus cases arise which could impact demand. Also recall from yesterday the weekly inventory data showed a higher than expected build in inventories.