Oil Prices Inch Even Lower Following Devastating 7% Single-Day Loss
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.
Original Article Source Credits: Oil Price , https://oilprice.com/
Article Written By: Julianne Geiger
Original Article Posted on: Jul 20, 2021