Oil Prices Dip on NYMEX
Update: 2026-01-02
Description
Oil prices experienced a dip on the New York Mercantile Exchange, with Light Sweet Crude futures falling between thirty-one cents and seventy-three cents per barrel. The front-month February contract settled at fifty-six dollars sixty-nine cents, marking a drop of seventy-three cents. Volumes were lighter, and open interest decreased, suggesting some positions are unwinding. Later months showed milder declines, with the market feeling cautious due to global demand signals and supply updates. Checkout Solipillow.com
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