May contract managed to erase some of the yesterday's losses and is trading around $8.50 per barrel.
Situation on the June contract is more complicated as 30% of it is held by USO ETF. That's leaving few buyers on the market and July contract slide to $6.55.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appOIL.WTI after sharp decline price managed to rebound and is heading towards $10.00 per barrel. Source:xStation5