WTI crude oil futures settle at $74.25 | Forexlive

The price of WTI crude oil is settling at $74.25. That is down -$2.68 or -3.48% on the day. The new low for the year reached $73.44. The high reached $77.86

Traders are worried about slowing global demand.

The average price in the US for a gallon is at $3.38. One year ago it was at $3.35. The high price for the year was in June and $5.01