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
Read full articleIs There More Downside in Crude Oil?
Written on 05/15/2025
Andrew Hecht