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.  

ForexLive

Articles You May Like

GBPJPY trades to highest level since May
New day highs for the GBPUSD
Gold Price Continues to Test for Support Ahead of FOMC Meeting
Fed firmly on hold this week – ING
Stock Market Crashes: Current Climate Compared to Prior Conditions

Leave a Reply

Your email address will not be published. Required fields are marked *