Down -$.75 or -1.44%
The price of WTI crude oil futures are settling the day down $.75 or -1.44% at $51.29/BBL.
The high price extended to $52.17.
The low price fell to $51.07.
Technically, the contract stalled at the 200 hour MA and the 38.2% retracement of the move higher (see chart below). That area will be a key level to define bullish and bearish bias. Stay above, the buyers remain in control. Move below and there should be more downside potential.
