Is There More Downside in Crude Oil?

Written on 05/15/2025
Andrew Hecht

Nearby June NYMEX crude oil futures prices fell to a $55.30 per barrel low on May 5, just above the most recent $54.67 bottom on April 9. While the energy commodity made a higher low and has rallied, the trend remains bearish, and lower lows could be on the horizon.2 pumpjacks at sunset by vadimrysev via iStock
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