US crude oil futures settle down -$0.21 at $71.28

Down -0.29%

The US crude oil futures are settling down -$0.21 at $71.28. That is down -0.29% on the day.

Last Friday, the close was at $70.70. So for the week, the price rose by $0.58 or 0.82%. The high for the week reached $72.30 on Thursday. The low reached $70.26.

Looking at the hourly chart, below, the price moved to test the 200 hour MA in trading today, and bounced. In trading next week, a move below it and the lower trend line would be more bearish if it can be broken. Until then, the buyers are keeping full control.