Technical Analysis

WTI crude oil futures settle at $52.21

Up $0.23 or 0.44%

WTI crude oil futures are settling at $52.51, up $0.23 or 0.44%. 

The high today reached $52.98. The low extended to $51.70.  

For the week, the price is down from $54.00 at the close last week (down by 3.31%.

The low this week reached $50.72 on Wednesday. The high reached $54.84 in the first hour of trading on Monday.  

The inventory data this week showed a greater than expected build once again. The bounce off the low was helped by the attack of the tankers in the Gulf of Oman on Thursday.  


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