The low price today reached $57.94. The high price was at $60.39. The price traded to the lowest level: back to April 9. The settlement is the first below 60 since April 8. The lowest close this year was at $58.15, just below this level.
Concerns that U.S. tariff policies are slowing global growth and may push the U.S. economy into recession.
Consumer confidence has plummeted, with the index hitting its lowest level since 1990, signaling widespread concern among households.
OPEC+ is adding significant new supply, with 411,000 barrels/day set to return to market in May and more likely in June as the group unwinds its 2.2M bpd voluntary cuts.
The only positive today was that
Looking at the daily chart, the low price for the year – are going back to February 2021 reached $55.15 on April 7. There is no below support between the current level and that level.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Crude oil settles at $58.21 )
Also on site :
- Emmy Predictions: Talk/Scripted Variety Series — The Variety Categories Are Still a Mess; Netflix, Dropout, and ‘Hot Ones’ Stir Up Buzz
- Ex-Bellingcat child porn researcher commits suicide after conviction for abusing own child – media
- Khloe Kardashian and Podcaster Totally Gush Over Each Other and Fans Are Swooning