Front Month Nymex Crude for July delivery lost $5.66 per barrel, or 6.25% to $84.88 this week
--Down three of the past four weeks
--Today it is down $2.83 or 3.23%
--Down for two consecutive sessions
--Down $5.15 or 5.72% over the last two sessions
Front Month Nymex Crude Fell 6.25% This Week to Settle at $84.88 — Data Talk
Front Month Nymex Crude for July delivery lost $5.66 per barrel, or 6.25% to $84.88 this week
TL;DRAI
Nymex crude for July delivery dropped 6.25% to $84.88/barrel this week (down 5 of last 7 sessions), hitting lowest level since April. The decline signals downward revision in geopolitical tensions and energy demand — material impact on capex budgets and commodity hedging strategies for utilities and energy-intensive firms.
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