Forecast Trend Report by Period
International oil prices fell during intraday trading, marking a short-term correction.
Odaily, a digital-asset news outlet, reported on May 11 that US West Texas Intermediate and Brent crude each dropped by about $1 in the short term.
WTI briefly fell below $97 a barrel, while Brent touched an intraday low of $101.03.
Oil prices had come under upward pressure recently amid tensions in the Middle East and supply concerns. They are now showing signs of a correction as investors take profits and volatility rises.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
