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WTI crude nears swing level in slump

WTI crude down $1

Bloomberg reports that Iran will attend the Doha oil production freeze talks. However they will not join other producers in freezing output, as has long been their position.

The headlines haven't had any affect on WTI crude oil, which is struggling today and testing Friday's low of $38.33. That's been an important level because it was also the early January high.

A break would open the way for a dip back down to $36.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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