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USL - Crude Oil Finally Stalls - VLO Looks Like A Buy At Under $90
United States 12 Month Oil
On April 23, the price of June NYMEX crude oil futures rose to a high at $66.60 on the active month June futures contract. On April 25, the price of July Brent futures hit a high at $74.73. While the continuous contract high in NYMEX futures was at $66.60 in late April, Brent rose to a peak at $75.59 per barrel as the June futures rolled to July at the end of May. Brent and WTI are in backwardation which is a condition where deferred prices trade at lower prices than crude oil for nearby