WTI Plunges Below $70 With U.S. Debt Deal In Jeopardy ...Middle East

OILPRICE - Economy
WTI Plunges Below $70 With U.S. Debt Deal In Jeopardy
source : OILPRICE ( Middle East ) () 61
WTI crude oil futures sank below $70 per barrel on Tuesday as a shakily forged debt ceiling deal threatened to disrupt financial markets. WTI plunged 3.13 by noon—a 4.14% dip on the day—below the psychological $70 barrier. The WTI July contract was trading at $69.54 per barrel as the market began to lose faith in lawmakers and the Biden Administration to finalize the deal that would raise the debt ceiling for the United States so it would be able to continue meeting its financial obligations. Aside from the debt ceiling uncertainties…

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