By Orbex
Crude oil prices tumbled on Wednesday, losing over 18% intraday.
The declines came after the previously held lows at 28.00 gave way. This led to a sharp and consistent fall in the commodity.
At the time of writing, oil prices are trading at $21.75. Further declines cannot be ruled out.
For the moment, price action is likely to continue attracting sellers into the market.
By Orbex
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