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Monday, June 21, 2021

Oil slumps late to finish down 53-cents on the day

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WTI crude oil down on the day

WTI crude oil down on the day

WTI crude oil finished the day down 53-cents to $66.32. It had risen as high as $67.52.

On the week, oil was up 4.3%.

Technically though, this is looking like another failure to break to new highs. The OPEC+ decision is coming up on Tuesday and that’s the next big driver, assuming we don’t get an Iran deal.

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