Crude oil futures settle at $59.49

Crude oil futures are settling at $59.49. That’s up $0.59 on the day. The high price for the day reached $60.17. The low was at $59.

The price is moving away from the swing area from August to mid September which bottomed the pair between $61.45 and $61.94. Staying below that area keeps the sellers more in control. The low price for 2025 was reached at $55.15 back on April 8th, and would be the target for sellers on further downside momentum.

This article was written by Greg Michalowski at investinglive.com.