Crude oil futures are settling at $66.29 that’s down $-1.04 or -1.54%.
The high price today reached $67.74 raise was at $65.06 200 hour moving to comes in at $67.25 so the price traded above that level
OPEC+ announced an increase in crude production on Sunday, raising concerns about a potential global supply glut.
However, oil prices rebounded off session lows, supported by a weaker U.S. dollar and President Trump’s warning that tariffs on India could be raised “substantially” in response to its continued purchases of Russian crude.
This article was written by Greg Michalowski at investinglive.com.