Oil Prices Dip in Short-Term, Optimism for Future

Light Sweet Crude oil prices experienced a downward trend for near-term contracts, with January, February, and March twenty-six contracts all decreasing. However, contracts further out, such as November and December twenty-six, showed slight increases, indicating a more optimistic outlook for oil prices in the future. The estimated volume for today was significantly lower than Mondays volume, and open interest also decreased, suggesting fewer outstanding positions in the market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.