May 16, 2022

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Crude Oil Futures Lower During US Session By Investing.com

© Reuters Crude oil futures fell during the US session

Investing.com – They fell during the Monday session in the US.

On the New York Mercantile Exchange, they are trading at $103.39 a barrel for the month of May, which is down 9.23% at the time of writing.

Previously trading at the lowest price of $1 per barrel, it was expected to find support at $103.25 and resistance at $116.64.

The Dollar Futures Index, which measures the performance of the US dollar in a basket of six other major currencies, rose 0.31% to trade at $99.13.

Elsewhere on ICE, for June delivery, it was down 9.21% to trade at $106.56 a barrel, while the contract spread at $3.17 a barrel.

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