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Axiory Intelligence   |   Daily Market Updates   |   Risk-off mood drags US crude oil 2.94% lower

Risk-off mood drags US crude oil 2.94% lower

Published: March 19 2023, 15:30 GMT+0

Risk-off mood drags US crude oil 2.94% lower

A quick look at Friday: Crude Oil ended Friday at $66.34 per barrel following from closing Thursday at $68.35. Overall, this represents a loss of $2 or 2.94%.

US crude oil's value drop coincided with the fact that Natural Gas is down to $2.35, losing 16.4 cents, after ending the previous session around $2.51. Brent Crude Oil lost 2.9% Friday and closed at $74.7.

Positive performances can be seen by looking at other Energy markets as Heating Oil added 1.35% and closed around $2.64 Friday.

Having set a significant high of $122.09 9 months ago, WTI crude oil is trading 44.02% lower.

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