Light Sweet Crude Oil Prices Dip, Trading Activity Slows
Update: 2025-12-08
Description
Light Sweet Crude oil prices experienced a general dip across various contract months on Monday, December 8th, with most near-term contracts showing slight declines. The January twenty-six contract closed at $59.37 per barrel, a decrease of $0.71 from its previous close. Trading volume dropped significantly to around 235,532 barrels, compared to Fridays volume of 577,327 barrels. Open interest also decreased by nearly 40,000 contracts, indicating a potential outflow of money from the market. This paints a picture of a somewhat bearish sentiment and decreased market activity in the oil market early this week.
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