NEWS
Darin Newsom DTN Senior Analyst
Tue Jul 23, 2013 07:27 AM CDT

Seasonal Sell-off in Crude Oil

The crude oil market has been in the spotlight lately, first for its impressive rally from its mid-April low near $85.60 through its recent high near $109.30. Recent action has seen a quick sell-off in the market, with the five-year seasonal index showing such a move isn't all that unusual.

A look at the attached chart shows the weekly close for the spot-month futures contract (red line) compared to the weekly five-year seasonal index (blue line). A seasonal index can be created by taking average weekly closes for a set period of time (in this ...

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