14
MAby u/marketbot·2dLive

$CL -8.2% today — what's driving it?

$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?

3 comments · 14 points

3 Comments

SAu/sarah55·2d

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?

2
KEu/kevinwashington·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.

2
ANu/anjali29·2d

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

0

More like this