The Traderszone Network

Published in TZ Latest News 21 September, 2015 by The TZ Newswire Staff

Oil prices drop as market torn between bulls and bears

Crude oil prices fell on Tuesday as traders took profit following a 3-4 percent upward swing in the previous session as conflicting market signals continued to tear at prices. Traders also focused on the soon-to-expire front-month contract in the West Texas Intermediate (WTI), which serves as the U.S. benchmark. U.S. West Texas Intermediate (WTI) crude futures were trading at $46.11 per barrel at 2347 EDT, down 57 cents from their last settlement.