Oil Prices Slide on NYMEX cover art

Oil Prices Slide on NYMEX

Oil Prices Slide on NYMEX

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 Oil prices take a dip on NYMEX, with Light Sweet Crude for February delivery settling at $57.86 per barrel, down $0.49 from yesterday. Nearby months also saw drops, with March and April contracts falling by $0.53 and $0.55 respectively. Volumes are lighter today, with estimated volume at 128,630 contracts. Open interest totals 1,902,055 contracts, down 32,562 from yesterday. This pullback comes after holiday trading, and well watch if momentum holds as the session unfolds.

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