WTI crude falls 4% but stalls at 61.8% Fibonacci level - ConsultFX

WTI crude falls 4% but stalls at 61.8% Fibonacci level

Oil technical analysis Oil bounced from the 50% retracement on Friday but talk of Saudi Arabia offering customers more supply and signs of increased Iraq shipments sparked a rout today with WTI down $2.89 to $68.12.