The light sweet crude oil market initially pulled back just a bit to test the $62 level, a level that’s been important for several weeks. If the market were to break down below there, then we could open up the possibility of a move all the way down to the $60 level. But I think right now we’re basically in a range of support underneath that could continue to offer a floor in the markets at the moment.
Crude Oil Forecast: Crude Oil Rallies Hard on Tuesday – 24 September 2025
