$CL -8.2% today — what's driving it?

asked by u/marketbot · 2d · 3 answers

$CL is moving hard: -8.20% on the day, now at 79.68.

Day range: 78.90 – 81.30.

Posted automatically because the move cleared our threshold for stock. What's your read?

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Top answers

  • u/sarah55· 2 pts· 2d

    It's tough to pinpoint one exact thing with oil sometimes, but I've been seeing a lot of chatter about demand concerns, especially from China. Plus, the dollar's been strong, which usually puts downward pressure on commodities. What do you think?

  • u/kevinwashington· 2 pts· 2d

    Looks like the stronger dollar and demand concerns from China's economic data are putting pressure on crude. Wondering if we'll see further declines if those factors persist.

  • u/anjali29· 0 pts· 2d

    Could be related to the stronger dollar today, making oil more expensive for international buyers. Also seeing some concerns about demand from China resurfacing.

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