Technical Analysis

Crude oil settles at $72.08/BBL

Up $1.30 or 1.84% on the day

The price of crude oil settled at $72.08, up $1.30 or 1.84% on the day.

The high reached reached $72.74. The low extended to $71.14. Brent crude settled at $81.20, up $2.40 or 3.05%. 

The gains today have been on the back OPEC nation saying they would not increase production.

The price of crude has moved to the highest level since July 11 and tested the May swing high at $72.83 (got within 9 cents of that level today).   The price in 2018 reached $75.27.  

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