US crude futures settle at $75.33 ...Middle East

forex live - News
US crude futures settle at $75.33
source : forex live ( Middle East ) () 11
The price of WTI crude futures are selling sharply lower. The price closed at $75.33. That is down $2.04 or -2.64%. Since Friday's high at $83.56, the price has fallen -10.29%.Technically, the price fell and closed below its 200-day moving average yesterday at $78.13. Today the high price could only get up to $77.49 before rotating back to the downside. The low price for the day reached $74.96. The low today was the the 1st time below the $75 level since July 20.Sellers remain in control. Some downside catalysts include:Global demand concerns taking center stage.Shift in focus away from the Israel-Gaza conflict.Signs of decelerating global growth.Significant increase in US crude stock (11.9

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