FXstreet.com (Barcelona) – The barrel of the US bechmark for the light crude oil is grinding lower on Tuesday after the Norwegian government has intervened to impede a shut down of the domestic oil production, imposing arbitration among the striking workers.
It is worth noting that the strike has lasted for three weeks, pushing the prices from levels around $77.30 to the boundaries of $89.00
WTI is losing 0.27% at $85.70 as of writing, with the immediate support at 84.00 ahead of 83.30 and then 82.20
On the upside, a climb beyond 86.50 would bring 88.00 and 88.95
