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Bloomberg (24/6) - West Texas
Intermediate traded near the lowest price in more than two weeks on
speculation China’s economic recovery may be threatened by cash
constraints. A measure of crude’s technical momentum faltered.
WTI for August delivery was at $93.48 a barrel, down 21 cents, in electronic trading on the New York Mercantile Exchange at 1:13 p.m. Sydney time. The volume of all futures traded was 12 percent above the 100-day average. The contract declined $1.45, or 1.5 percent, to $93.69 on June 21, the lowest close since June 4. Brent for August settlement was down 40 cents at $100.51 a barrel on the London-based ICE Futures Europe exchange. The European benchmark grade was at a premium of $7.03 to WTI futures. The closing spread was $7.22 on June 21. |
Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 10:56 AM
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