U.S. West Texas Intermediate (“WTI”) crude fell $2.14 per barrel closing at $73.95 per barrel. Brent crude oil slipped more than three percent in another volatile session today. Brent crude lost US $2.45 per barrel closing at US$80.60 per barrel. Natgas traded higher closing at $2.17 per MMBTU up 10 cents per MMBTU day over day.
A stronger US dollar weighed on the market today as the Feds are expected to tighten monetary policy to bring inflation under control