Down -$2.30 or $4.81%
US Crude oil futures took it on the chin today. It is settling at $45.52 /BBL, down -$2.30 or -4.81%. This is the lowest close since November 30th.
The low today reached $45.29. The high reached $47.75.
Technically, the futures price tumbled below the $47.00 lows from March. The November 29th low at $44.82 and the 38.2% of the move up from the Feb 2016 low comes in at $44.09. Those are the next targets on continued downside momentum.
