Oil Prices Drop: What's Behind the August 26th Dip?

Oil prices tumbled in New York trading! Light sweet crude dropped nearly a dollar to $63.85 a barrel, dragging down futures contracts across the board. High trading volume and a dip in open interest suggest traders are reacting to potential shifts in supply and demand. Will this mean cheaper gas for consumers, or is it just a temporary dip in the volatile oil market? Hosted on Acast. See acast.com/privacy for more information.