Crude oil prices fell by more than $1/bbl on New York and London markets Jan. 22 with light, sweet crude oil settling above $52/bbl as US markets reopened for trading after being closed on Jan. 21 for MLK Jr. Day. Analysts noted that the US crude oil contract for March settled above $54/bbl on Jan. 18, a new short-term high. US crude futures have been volatile since reaching $76.90/bbl on Oct. 3, 2018.

Source: News