Crude Oil Ends May with a Thud

The July WTI and August Brent contracts each lost more than $3 Friday.

West Texas Intermediate (WTI) crude oil for July delivery plunged again Friday, losing $3.09 to settle at $53.50. The WTI traded within a range from $53.10 to $56.61.

The August Brent contract also fell sharply Friday, declining $3.34 to end the day at $61.99 per barrel.

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