Up $.57 or 1.25%
US crude oil futures are settling the day at $46.34 per barrel that is up $.57 or 1.25%.
The high price today extended to $46.48.
The low price fell to $45.40.
Technically, The price is closing above its 100 hour moving average at $46.28 (see blue line in the chart below), but below its 200 hour moving average (green line in the chart below) at $46.53. Look for a momentum break of either MA level to provide the next bias for traders.
Saudi Arabia announced today that they would look to lower exports by about 1 million barrels versus last year's levels. That news help support the price in trading today.
