Crude oil settles down $0.41 or -0.62%
The the price of WTI crude oil futures are settling at $65.61. That is down $-0.41 or -0.62%. The high for the day reached $66.24. The low extended to $65.41.
For the week, the high price (and high for the recent cycle) reached $67.98 on Monday. The low price was on Wednesday at $63.13. At the low, the price tested the 200 hour MA (green line) and the 50% midpoint of the move up from the February 19 low at $63.29. The contract is closing back above its 100 hour moving average currently at $65.01. That tilt a bias more to the upside.
The closing level last Friday was at $66.28. For the week, the price fell $0.67 or -1.01% on the week.
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