WTI crude oil futures settled $68.17

  • Forex
  • September 30, 2024


Crude oil settled today just one cent lower at $68.17. The low price today reached $67.60. The high price reached $69.18. At session lows, the price stayed above a swing area going back to 2023 between $66.76 and $67.51. On both Thursday and Friday of last week, the price stalled within that area and bounced higher.

On the fundamental side, Oil prices dropped due to China’s slowing manufacturing sector and rising supply from Libya and OPEC+ countries.

Saudi Arabia’s decision to abandon its $100/bbl price target and increase production also contributed to the decline. On the upside, tensions in the Middle East, including Israel’s reported plans to invade Lebanon and potential Iranian involvement, are providing some support to oil prices, mitigating further losses.

Will the buyers continue to buy ahead of the support? A move below $66.76 would disappoint the dip buyers in



  • Related Posts

    US equity index futures down around 0.5% after Trump 30% tariff threat against EU, Mexico
    • July 13, 2025

    US futures have begun trading on Globex for the new week. The big weekend news was Trump’s tariffs: Trump hits the European Union (EU) with a 30% tariff, starting on…

    Continue reading
    Trump hits the European Union (EU) with a 30% tariff, starting on August 1
    • July 12, 2025

    Trump hits the European Union (EU) and Mexico with a 30% tariff, starting on August 1, and more if they retaliate. Trump announced a new round of tariffs on his…

    Continue reading

    Random News

    Bernie Sanders Calls Attention To Climate Change Amid Trump’s Chaos

    • By gonews
    • July 13, 2025
    • 1 views
    Bernie Sanders Calls Attention To Climate Change Amid Trump’s Chaos

    Meta acquires voice startup Play AI

    • By gonews
    • July 13, 2025
    • 1 views
    Meta acquires voice startup Play AI

    2025 College Football Media Days Schedule; TV Coverage, Team Assignments

    • By gonews
    • July 13, 2025
    • 2 views
    2025 College Football Media Days Schedule; TV Coverage, Team Assignments

    One Year On: Abu Obeida Says al-Deif’s Legacy Will Haunt the Occupation Forever

    • By gonews
    • July 13, 2025
    • 1 views
    One Year On: Abu Obeida Says al-Deif’s Legacy Will Haunt the Occupation Forever