Down $.41 or 0.81%
The front US crude oil futures are settling on the day at $49.94 - down $0.41 or 0.81%.
The high price extended to $50.58 while the low price reached $49.47.
The last 9 trading days has seen the oil futures contract trade sideways in a fairly narrow trading range - Low at $49.10 and the high at $51.35. The close today is just below the swing high from August 19 at the $50.00 level. A move outside the range will be eyed to help define the next trading bias technically.
