FTXN - Is NYMEX Crude Oil In A $50-$55 Range?
Last Friday, the price of the nearby March NYMEX crude oil futures contract was trading around the $52.50 per barrel level. So far in 2019, March futures have traded in a range from $44.67 to $55.75, but the price has not traded below $50 per barrel since January 8.
After a period of significant price volatility in the crude oil market, the price has settled into a narrow range below the midpoint of the high and low in 2018. The dynamics of the international crude oil market changed dramatically over recent years. The United States