West Texas Intermediate crude fell below $70 a barrel in New York for the first time since late 2021 as investors remain on edge after last week’s bank failures.
(Bloomberg) — West Texas Intermediate crude fell below $70 a barrel in New York for the first time since late 2021 as investors remain on edge after last week’s bank failures.
Futures for April delivery slid as much as 2.2% to $69.76 a barrel, the lowest since Dec. 20, 2021. Prices recovered to around $70.15 a barrel as of 7:12 a.m. local time.
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