Crude oil prices plunge $4.62 for -10.07%
The price of WTI crude oil futures are settling the day at $41.28. That is down $-4.62 or -10.07%. The high price reached $46.38. The low price reached $41.11
The price of oil crashed today as a result of OPEC+ not reaching a production agreement.
- Oil is more than 30% off its recent highs
- The prices been down 9 of the last 11 sessions
- The price falls to the lowest level since 2017
Technically, the price today fell below key support at the $42.05 to $42.52 area. Those lows include the 2017 low and the 2018 low. It also is a swing low from 2016. The next key target would come in at around $39.19 level going back to August 2016.