Crude Oil Price Slides Further. Temporary Support At 60? |
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Extending last week's -5% decline, WTI crude oil price breaks below 65 in Asian session Monday as driven by strength in the dollar and weakness in stock markets. The larger-than-expected reduction in non-farm payrolls continued to affect investors' confidence in economic outlook. Others in the energy complex also drop with gasoline, heating oil and natural gas losing grounds to 1.751, 1.662 and 3.52, respectively. Except for Japanese, USD rises against major currencies as reduced risk appetite
Filed under: Fundamental
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