Bloomberg | Crude Oil's Correction Is Healthy For The Future Seeking Alpha The recent downside correction in crude oil was long overdue. The energy commodity traded to a low of $42.05 on the nearby NYMEX futures contract on June 21 which was 15 cents below its support level at the November 2016 low. Crude oil fell to the ... Oil near one-week high on weak dollar, stocks rally Oil Set for First Weekly Gain This Month as US Dollar Weakens Oil is near a one-week high on the weak dollar and rallying world stocks |