Futures for WTI crude were seen dropping lower on Friday during the early hours of the European trading session and the late Asian trading sessions amid a lack of economic events which could potentially price-changing fundamentals.
The West Texas Intermediate oil futures traded 0.14% lower at $103.17 a barrel at the time of writing, while the European Benchmark crude Brent futures declined 0.12% to $108 a barrel at the same time.
WTI Crude – US Shutdown
The US Congress failed to finalize an agreement over the country’s budget for the fiscal year which began yesterday, leading to the government’s first shutdown in 17 years and could affect almost 800,000 federal employees. Read more