WTI crude futures fell below $122 today. while investors sell profits following the price rose yesterday
As of 9:36 p.m. Thai time, the West Texas Intermediate Crude Oil (WTI) contract was delivered in July. Trading on the NYMEX was down 23 cents, or 0.16%, to $121.88 a barrel.
WTI oil prices rose $2.70, or 2.3 percent, to close at $122.11 a barrel yesterday. This was the highest level since March 8 following the United States revealed that gasoline inventories fell. Contrary to analyst forecasts
Oil prices are under pressure today. After the Chinese authorities announced new lockdown measures in parts of Shanghai to curb the spread of COVID-19. After just announcing the end of lockdown measures on June 1
However, oil prices continued to be supported by a surge in Chinese exports in May. including the United States entering the driving season for travel As a result, gasoline stocks in the United States declined last week.
