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Crude Turns Negative on the Day

OIL

Crude futures fall back below yesterday’s close as economic fears continue to feed prices

  • Brent recovered to 105.7$/bbl earlier but is now negative again with focus on the technical support at the psychological 100$/bbl level.
  • The next support level on WTI is at 97.43$/bbl the Jul 6 level with potential weakness to the May 11 low of 95.47$/bbl.
  • WTI-Brent continues to widen after a volatile day yesterday
  • Brent SEP 22 down -0.4% at 102.36$/bbl
  • WTI AUG 22 down -0.9% at 98.56$/bbl
  • Gasoil JUL 22 down -3.6% at 1112$/mt
  • WTI-Brent down -0.57$/bbl at -6.78$/bbl
  • Brent SEP 22-OCT 22 up 0.11$/bbl at 3.89$/bbl
  • Brent DEC 22-DEC 23 down -0.19$/bbl at 10.4$/bbl

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