Why is Crude Oil Stuck in Neutral?

Written on 12/23/2025
Andrew Hecht

Crude oil prices had gone nowhere fast and remained in a trading range around the $60 per barrel pivot point on the nearby NYMEX WTI contract. While the 2025 trend is bearish, the price only marginally eclipsed the critical technical support level at the April 2025 low in December.Stacked oil barrels by JONGHO SHIN via iStock
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