There goes oil ...
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Crude oil is falling again.
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On Tuesday, the price of West Texas Intermediate crude oil was down about 1% to right around $52.10 a barrel for the first time since early April. WTI briefly dipped below $52 a barrel earlier.
On Monday, WTI crashed, falling more than 7%. Just a few weeks ago, WTI was above $60 a barrel.
WTI had been sitting near $60 a barrel or so for a few months after bottoming at $43 in March.
And while oil inventories had been falling ever-so-slightly in the last few weeks, they still remain near 80-year highs.
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Here's the early drop in WTI prices on Tuesday after Monday's sharp sell off.
FinViz
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