Why ConocoPhillips Stock Declined Last Week
For the week ending May 25, crude oil (USO) prices decreased from $71.37 per barrel to $67.88 per barrel—a decrease of almost 6%. Crude oil prices saw a declining trend last week. Crude oil prices decreased in the last four days of the week. Even though crude oil prices increased on Monday and hit a 52-week high of $72.90 per barrel on Tuesday, they didn’t stay at the higher levels.