New York-traded West Texas Intermediate, or WTI, crude for December delivery, settled Tuesday’s session at $81.02 per barrel, down $1.29, or 1.6% on the day, to add to Monday’s 3.8% slump.
Concerns over how US jobs numbers for October will turn out on Friday and how that might impact the Fed’s next rate decision in December also kept oil traders on the edge.
Oil finished one of its most volatile weeks of the year with a 3% loss as traders reacted to a blitz of headlines on the Middle East that showed warring parties Israel and Hamas no closer to a solution despite intense mediation.
Oil down 3rd day as industry data suggests epic US crude build By Investing com investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
Oil down 3rd day as industry data suggests epic US crude build investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.