WTI oil drops $5 due to futures contract rollover
pre-market1 source ↓written by the desknot a recommendation
- prices fell
- $101
- overnight
- $96
WTI crude oil prices fell from $101 to $96 overnight, attributed to the rollover from the October to November futures contract. This gap reflects the difference between contracts rather than a fundamental decline in oil value. Traders should note this rollover effect when analyzing price movements in futures markets.
Not investment advice. For informational purposes only.