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How ConocoPhillips Stock Performed Last Week

Nicholas Chapman
How ConocoPhillips Stock Performed Last Week

For the week ending July 6, crude oil (USO) prices decreased from $74.15 per barrel to $73.80 per barrel, a moderate decrease of ~0.5%. Most of the decline in crude oil prices came on July 5, when they declined by almost 2%. However, on July 6, crude oil managed a comeback and recovered most of the losses for the week. On July 6, crude oil prices formed an upward reversal candle on the daily chart, which indicates a higher probability of higher prices in subsequent sessions.