Down $1.23 or -2.29%
The price of crude oil futures tumbled $1.23 or -2.29% to $52.57. IMF downgrading 2019 global growth, US oil production hitting a record 11.9 bpd, slowdown in China, Saudi not able to cut production enough to balance markets are stories driving the price lower.
The high today reached $54.24. The low extended to $51.80. Today is the last trading day for the February contract. The March contract will take over tomorrow. The March contract trades at a premium to the February contract. The contract is trading at $52.92 currently
