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The price of nearby NYMEX crude oil futures rallied from lows of $42.36 to a high at $66.60 per barrel at the end of April. Brent crude oil did even better, moving from $49.96 to a high at $75.59 per barrel as the Brent-WTI spread has widened steadily since early April. The low in the energy commodity at the end of last year, came after WTI turned lower at $76.90 per barrel. The recovery took the price above the 50% retracement level at just under $60 per barrel.