crude oil woes

Crude Oil Price Continues to see a Steady Decline

US OIL Hourly (H1) Chart
USOIL Hourly (H1) Chart

Crude Oil: Crude oil price continues to see a steady decline in the international market with futures experiencing the biggest fall in four years, having lost nearly 12% just this week alone. Virus fears influenced caution and decline in global growth outlook have created a glut scenario much earlier than expected, adding pressure to crude oil bulls. 

Please feel free to share your thoughts with us in the comments below. 

Was this post helpful?