Brent crude fell 8.41% over 24 hours to $95.38. Its 24-hour high was $104.27 and its low was $93.45, a spread of more than $10, with daily volatility clearly increasing.
This latest drop was swift, pushing prices straight below the $100 mark, with short-term bearish momentum prevailing. WTI crude also fell 8.68% to $88.21. Both benchmarks moved lower in tandem, indicating that this is not an isolated fluctuation in one contract, but a correction across the entire crude oil sector. (Data reflects the prices of the corresponding USDT perpetual contracts on OKX.)
Watch two levels next: whether the 24-hour low of $93.45 holds—if it breaks, further downside may open up; and whether prices can first reclaim the $100 mark. If they cannot, the weak trend is likely to persist.$BZ #原油 #Commodities
This latest drop was swift, pushing prices straight below the $100 mark, with short-term bearish momentum prevailing. WTI crude also fell 8.68% to $88.21. Both benchmarks moved lower in tandem, indicating that this is not an isolated fluctuation in one contract, but a correction across the entire crude oil sector. (Data reflects the prices of the corresponding USDT perpetual contracts on OKX.)
Watch two levels next: whether the 24-hour low of $93.45 holds—if it breaks, further downside may open up; and whether prices can first reclaim the $100 mark. If they cannot, the weak trend is likely to persist.$BZ #原油 #Commodities