crude oil woes

Crude Oil Price Continues to Decline Sharply

US Hourly (H1) Chart

Crude Oil: Crude oil price continues to decline sharply and is on its 5th consecutive session of decline today with the price of futures scaling fresh lows since January 2019. Brent futures lost nearly 3% at EOD yesterday, building up on a 4% loss earlier this week. Virus outbreak across all major global economies and escalating the U.S. weekly crude oil stockpile reports add pressure on crude oil price activity. 

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