WTI oil price gap explained by futures rollover
after close1 source ↓written by the desknot a recommendation
- prices dropped
- $101
- overnight
- $96
- reflects the difference
- $5 gap
WTI crude oil prices dropped from $101 to $96 overnight, primarily due to the rollover from the October futures contract to November. This $5 gap reflects the difference between two futures contracts rather than a fundamental decline in oil value. Traders should be aware of this rollover effect when analyzing price movements.
Not investment advice. For informational purposes only.