WTI crude oil futures settle at $28.70 per barrel

Down -$3.03 or -9.55%

the price of WTI crude oil futures are settling sharply lower. The contract is settling at $28.70. That’s down $3.03 or -9.5%.  The low is trading near the lowest level since 2016. This month is the worst trading month since October 2008.

For the day the low price reached $28.10 which was still above the low from last week at $27.34. The 2016 low prices reached $26.19 and $26.05.