Crude oil keeps going down in valued amid uncertainty and instability as well as investors’ concerns and fears. The price has been going down again since the trading hours resumed earlier today, Market Leader reports.
At this point, fear is dominating the global market of crude oil. Traders and investors are getting increasingly worried that the recent recovery is just a timeout for the price on its way to further lows. Needless to say that under such circumstances, the price cannot but go down.
It should be noted that WTI resumed its downtrend on Friday. Today’s trading session opened at $44,78/b. The we could see a temporary move up to $44,97/b, which was followed by a decline all the way down to $44,24/b.
Brent is following the same tendency. After a short-term attempt to recover from Friday’s losses, the price went down once again. Today’s trading session opened at $48,15/b. The we could see a temporary move up to $48,32/b, which was followed by a decline all the way down to $47,40/b.
