Crude oil futures settle at $79.78

Crude oil futures settled at $79.78. That’s down $0.35 or -0.44%

The low today reached $77.55. The high price was at $79.13.

The drop was the third consecutive down day. Political uncertainty following President Joe Biden’s decision to withdraw from the 2024 election contibuted. The settlement was the lowest since June 14.

The declines also come despite high summer demand. ​

This article was written by Greg Michalowski at www.forexlive.com.