Crude oil WTI lost 24.8 percent in 2018

Crude oil lost 44.3 percent from high $76.41 to low $42.53 on three months fall from October 03. until December 24. It was the biggest losing streak in the past several years due the oversupply, Saudi record output and fear from the global economic slowdown. As the oil price opened 2018 at $60.17 per barrel and spent most of the year above, the average price for 2018 remain high at $64.90 per barrel. As in the first 9 months of 2018 oil spent mostly bullish, constantly rising from 60.17 to 76.41 the 12 months fall at the end of the year looks slightly better with loss of 24.8 percent in 2018.

Aureus Invest Crude Oil WTI 2018

Published by Mario Urlic

Professional commodity trader with 17 years of experience in various markets.

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