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The price of oil in the United States showed significant movements in the most recent session, with variations reflecting the typical volatility of the international energy market. According to data shown on the Investing.com platform, Brent crude futures settled at US$100.73 per barrel on Monday morning, registering a drop of US$2.41, equivalent to -2.34%, during the session.
Oil price remains above US$100 despite daily decline
Despite the decline recorded during the session, the price of crude oil remains at high levels, staying above the psychological barrier of US$100 per barrel. The market exhibited volatile behavior: the price of Brent crude opened at US$106.12, but subsequently retreated to close around US$100.73.
The trading range for the day reflected this fluctuation. The price moved between a low of US$100.70 and a high of US$106.50, indicating a market adjustment after starting the day at higher values.
Market movement and price correction
The decline recorded during the session represents a market correction after oil reached higher levels at the opening. This dynamic often occurs when prices rise sharply at the beginning of the day and subsequently traders sell to lock in profits, which puts downward pressure on prices.
The behavior shown in the chart indicates that oil has been exhibiting an upward trend in recent days, reaching higher peaks before experiencing the current pullback.
Wide price range over the last year
Despite the daily decline, oil remains within a broad range observed over the past year. According to market data:
52-week high: US$119.50 per barrel
52-week low: US$66.44 per barrel
This shows that the current price is at the upper end of the annual range, indicating that crude oil remains relatively expensive compared to the lower levels recorded in the last year.
A sign of an still volatile market
The behavior observed during the session shows that the oil market continues to be highly sensitive to intraday movements, with significant fluctuations between the opening and closing prices. Although the price fell by more than 2% during the day, oil is still holding at high levels within the annual range.
In this context, the price near US$100 per barrel confirms that crude oil continues to trade in a relevant zone for the global energy market, where any daily movement can generate significant price adjustments.
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