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Oil pulls back as markets look to the next catalyst. Here’s what to watch
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Oil pulls back as markets look to the next catalyst. Here’s what to watch
Oil prices are back under pressure after a sharp pullback from recent highs, putting the commodity firmly back in focus for investors. After rallying strongly through late January, crude oil has slipped around 5%, with West Texas Intermediate (WTI) now trading near US$61.90 per barrel. Brent crude has also moved lower, sitting around US$65.95 per barrel. The move marks a shift in momentum after oil briefly pushed toward multi-month highs. It has…
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