WTI crude futures tumble 5.76%, fall below $79 a barrel to lowest since March 10

WTI crude futures tumble 5.76%, fall below $79 a barrel to lowest since March 10

U.S. benchmark crude broke below the closely watched $80 level and then fell under $79 intraday, reaching its weakest level since March 10 amid broader energy-market weakness.

GT

Summary

WTI crude futures fell sharply in intraday trading, dropping below $80 a barrel for the first time since March and then below $79, marking their lowest level since March 10. The contract was down 5.76% on the day, according to Gate data. The move highlights renewed weakness in energy prices and is closely watched by markets because oil can affect fuel costs, inflation expectations and broader risk sentiment.

Terms & Concepts
  • WTI crude futures: Contracts tracking U.S. benchmark oil prices.