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...
Brent and WTI crude oil futures prices reached new 2025 lows in March. The trend remains bearish, and economic and geopolitical events point to even lower prices as the energy commodity approaches the...
Crude oil prices have been making higher lows and higher highs since mid-September. As the price approaches the $80 per barrel level, the world’s leading energy commodity could be near a level where...
Crude oil prices are holding near $70 per barrel. Meanwhile, the incoming administration’s plans and the international oil cartel’s response could mean that prices will by significantly lower in 2025....
Crude oil prices have been falling, making lower highs, since this year’s April 2024 high. The U.S. election has changed the oil market’s dynamics.
Crude oil remains the energy commodity that powers the world despite the increasing initiatives to combat climate change. Crude oil prices have been trending lower, but the geopolitical landscape and questions...
Oil prices remained under pressure lately with the WTI crude exchange-traded fund (ETF) United States Oil Fund LP USO losing about 5.3% past week. The ETF slumped more than 3% on Tuesday. United States...
Nearby NYMEX crude oil prices reached a 2024 high in mid-April. After falling to an early June low, prices recovered to a lower high in early July, where they ran out of upside steam. As the fall and winter...
In October 2022, the Biden administration told the crude oil market that the target range for replacing barrels sold from the U.S. Strategic Petroleum Reserve was $67 to $72 per barrel. The price is back...
In April 2020, crude oil fell below negative $40 per barrel. On June 11, 2021, the energy commodity’s price was over positive $70 per barrel and climbing. The crude oil market is on a bullish staircase...