Oil prices tumbled Thursday on a series of bearish market forces led by thin liquidity and easing geopolitical tensions between Russia and the West, as it became clear the missile that struck Poland earlier in the week did not come from Russia.
WTI prices fell nearly 5% on the day to $81.76 a barrel as of 11:52 a.m. – its lowest level in more than a month. Brent crude prices fell 3% to $90.07 – down from $2.79 since yesterday.
Paper markets are an important market power that…
