64 days ago • Posted by Paul de La Baume
Black Gold Under Pressure #COVID #WTI #oil #trading
The black gold is once again under pressure and falling in value losing around $2 per barrel. This is due to ongoing COVID related restrictions and protests going on in China, which in turn is stifling demand. The WTI is also down trading at USD74.5 per barrel, lower by 2.5%. This is also due to the same reasons with COVID restrictions and concerns about weak demand from the world's largest oil-importing country.