Oil Prices Inch Even Lower Following Devastating 7% Single-Day Loss

Author: External Author | | Categories: Oil Well Optimization , Oilfield Services

After plunging nearly 7% on Monday, oil prices saw a leveling off and even a smidgeon of a rebound on Tuesday in what many hope will be a new state of calm in the market.

WTI prices dropped sharply on Monday—from more than $71 per barrel--in a collision of ill-timed OPEC developments and Delta variant fears that left the market skeptical of the previous oil demand optimism.

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Original Article Source Credits:   Oil Price , https://oilprice.com/

Article Written By:   Julianne Geiger

Original Article Posted on:  Jul 20, 2021

Link to Original Article:  https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Inch-Even-Lower-Following-Devastating-7-Single-Day-Loss.html