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

    BOE's Greene: The disinflationary process is still ongoing
    • June 7, 2025

    Comments from Bank of England rate-setter Megan Greene: Most of the near-term hump in inflation is due to one-off factors We expect inflation to continue to come down to target…

    Continue reading
    Forexlive Americas FX news wrap: Non-farm payrolls match estimates, dollar jumps
    • June 6, 2025

    High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide…

    Continue reading

    Random News

    Potential 2028 Democratic Candidates Are Moving Toward The Middle, And That Is A Big Mistake

    • By gonews
    • June 7, 2025
    • 1 views
    Potential 2028 Democratic Candidates Are Moving Toward The Middle, And That Is A Big Mistake

    Lawyers could face ‘severe’ penalties for fake AI-generated citations, UK court warns

    • By gonews
    • June 7, 2025
    • 1 views
    Lawyers could face ‘severe’ penalties for fake AI-generated citations, UK court warns

    2025 New York Liberty Schedule; Printable, PDF Format

    • By gonews
    • June 7, 2025
    • 2 views
    2025 New York Liberty Schedule; Printable, PDF Format

    Iran Unveils Most Serious Intelligence Breach in Israeli History – Report

    • By gonews
    • June 7, 2025
    • 1 views
    Iran Unveils Most Serious Intelligence Breach in Israeli History – Report