Jan 16, 2025 7:50 a.m.

Oil slipped 2% on Monday as investors turn risk averse

Oil slipped 2% on Monday as investors turn risk averse

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International benchmarks for crude oil fell 2% on Monday, 20 September 2021 as investors become more risk-averse bracing for more tapering from the FEDwhile the US dollar hit a four-week high also hurt the commodity market. 

Brent dropped $1.42 or 1.9% to close at $73.92/barrel. 

WTI dived $1.68 or 2.3% to settle at $70.29/barrel.