Oil Prices Are Heading Lower
Source: SeekingAlpha
2025-11-12 16:36:04 ET
Right now, things are not going good for the oil patch. In the past, I had been bullish on the sector. Sometimes, this bullishness was premature. But I always argue that, in the long run, a price for crude oil as measured by WTI (CL1:COM) should be somewhere between $60 per barrel and $80 per barrel. Just recently, crude prices fell below that point, dropping to $59.71 as of this writing. That brings the price of crude down 16.7% this year so far....
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Oil Prices Are Heading Lower
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