⛏Crude Oil WTI Futures
WTI
▼ NegativeGeopoliticsrelevance
Expectations of normalized Middle East supply drive crude prices down.
Impact on assets 1
Others
Crude oil futures on the New York Mercantile Exchange plunged in after-hours trading on the evening of the 2nd, with the U.S. benchmark West Texas Intermediate briefly falling nearly 7% from the previous weekend's close to trade in the 78-dollar-per-barrel range. The move came amid growing expectations for a normalization of Middle Eastern crude oil supply.
Expectations of normalized Middle East supply drive crude prices down.