Light Sweet Crude Oil Prices Drop Across Contracts

Light Sweet Crude oil prices saw a significant dip across most contracts, with prices generally falling by over a dollar per barrel. The January, February, and March twenty-six contracts closed at fifty-seven dollars and twenty-five cents, fifty-seven dollars and three cents, and fifty-six dollars and eighty-eight cents respectively, all down by over a dollar. The trading volume was also lower, indicating a cautious approach from traders. The market is showing a clear downward movement in the short to medium term, with most contracts experiencing price reductions. The total open interest decreased by six thousand, six hundred fifteen contracts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.