Down $0.40 or -0.85%
The price of crude oil futures are settling the day at $46.78. That’s down $0.40 or -0.85%
The high price reach $48.41. The low price extended to $46.65.
The crude oil inventory data today showed a build of 0.784M vs expectations of 3.00M.
OPEC+ failed to come to an agreement on cutting production by up to 1 million barrels per day. Russia continues to balk at the idea. OPEC will meet on Thursday with expectations still for a cut of 600K to 1M BPD.