Home WTI stops triggered on a break below $19, fresh 18-year lows

WTI stops triggered on a break below $19, fresh 18-year lows

Updated: 17 Apr. 2020 | 09:27

WTI breaches $19 mark for the first time since January 2002.
Sell-off intensified as stop losses triggered below 19.00.
Dollar strength, oversupply concerns weigh heavily on US oil.

WTI (futures on NYMEX) saw aggressive selling over the last hour after the stops got triggered below a break of the 19 mark. The bears regained the 18 handle for the first time since January 2002.

more to come …

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