Oil tumbled following forecast of warmer winter in the US
Oil tumbled following forecast of warmer winter in the US
International benchmarks for crude oil plunged on Thursday, 21 October 2021 after the National Oceanic and Atmospheric Administration forecasted warmer weather in the US that could reduce the demand for heat.
Brent fell $1.21 to close at $84.61/barrel.
WTI slipped 92 cents to settle at $82.50/barrel.