Ends up $2.02 or 3.07%
The price of crude oil has settled at $67.86. That is up $2.02 or 3.07%.
- The high today reached $68.08
- The low today reached $65.98
The move higher was helped by a sharper than expected draw in crude oil inventories today. The inventories fell -5836K vs -2000k expected.
Technically, the price of crude oil remains below the 100 day MA at $68.42 and above the 200 day MA at $64.43. The high today got within $0.34 of the 100 day MA. Last week the 200 day MA was tested but held.
Traders are battling and waiting for the next push.
