Crude Ends Week on Sour Note After Nearing Resistance Point

摘要

Early Friday, it looked as if Nymex crude would rebound, which would have been a rare event because since May 3, when it hit its yearly high of $86.19 per barrel, the market has been in a freefall. However, Nymex crude ran into a tough resistance level mid-day, leading to anoth- er day of losses.