Risk-off mood drags US crude oil 2.94% lower

Published: March 19 2023, 19:21 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 after ending Friday's session at $2.51, Natural Gas lost 16.4 cents and is trading around $2.35. Brent Crude Oil is down to $72.53, losing $2.17, after ending the previous session around $74.7.

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

Having soared to a high of $122.09 approximately 9 months ago, WTI crude is now trading 44.02% lower.

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