Crude Oil Pulls Back Amid Profit Taking And Storage Concerns
May 06, 2020 at 12:09 PM EDT
After five days moving higher, crude oil prices dropped on Wednesday, as oversupply fears dampened optimism about economies reopening. West Texas Intermediate (WTI) slipped as much as 13% from its highs, or $3.50, to trade at $22.58 per barrel before recovering some, and is currently trading around...