Crude Oil Prices Fall 30% in 30 Days

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Crude Oil Prices Fall 30% in 30 Days
Iranian crude oil tanker, Sevda, sails near Bandare Asaluyah, Iran, on Jan. 27, 2026. Sam/ Middle East Images/AFP via Getty Images
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Commentary

Crude oil prices fell almost 30% in the last month, from levels above $109 per barrel on May 19 to just $76.50 on June 19, the lowest cost for a barrel of crude since March 4, in the first week of the war in Iran.

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Louis Navellier
Louis Navellier
Author
Louis Navellier is chairman and founder of Navellier & Associates in Reno, Nevada, which manages approximately $1 billion in assets. One of Wall Street’s renowned growth investors, Navellier writes five investment newsletters focused on growth investing. In addition to appearing on Bloomberg, Fox News, and CNBC giving his market outlook and analysis, he has been featured in Barron’s, Forbes, Fortune, Investor’s Business Daily, Money, Smart Money, and The Wall Street Journal.