Crude Oil Weakness, Possible Decline To $58

<p>The crude oil price has changed little despite the political turmoil in Russia. David Williams from PageTrader says that since November 2022, any monthly crude oil price closes below $75 would indicate a continued decline to $58 or lower for the second half of 2023. Will crude oil close above $76 or will the commodity need to reach $60 or lower first? Williams also forecasts where the markets may close the year.</p>