WTI Crude Drops Nearly 9% on Monday, Trades Above $81
WTI crude oil fell close to 9% on Monday, slipping from a Friday close near $89 to just above $81, with a gap lower at the open and no recovery during the session.
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WTI crude oil settled just above $81.00 on Monday, marking a sharp decline of roughly 9% from Friday’s close near $89.00.
The session opened with a gap lower of more than $5.00, and prices failed to recover, instead extending losses throughout the day.
The drop leaves crude at its lowest levels in recent sessions, as bearish sentiment persisted.
Source: FXStreet Forex News