Crude Corrects In Asia, WTI Futures Under $90 Mark

22 Aug 2022 , 11:22 AM

WTI Crude oil futures have dropped in Asia, sliding under $90 per barrel mark as the market stayed under pressure on demand worries. The counter currently trades at $89.50 per barrel, down more than 1% on the day US leading economic index fell by 0.4 percent in July following a revised 0.7 percent decrease in June while existing home sales in the U.S. showed another significant decrease in the month of July, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales plunged by 5.9 percent to an annual rate of 4.81 million in July after tumbling by 5.5 percent to a revised rate of 5.11 million in June. Powered by Commodity Insights