Crude oil futures are settling down $1.16 or -1.99% and $57.13. The low price today reached $55.39. That was just short of the low price from April 9 $55.15. It was the lowest close since February 10, 2021. The daily chart, the next major target below $55.15 is the 61.8% retracement of the move up from the 2020 low. That level comes in $49.44.
This article was written by Greg Michalowski at www.forexlive.com.
