Rises $0.72 or 1.61%

The price of crude oil futures are settling the week at $45.33. That is up $0.72 or 1.61% on the day.

The low today reached down to $44.42. The high extended up to $46.22.

Last week, the contract settled at $45.59.

Technically, the price this week fell to a low of $42.36. That was $0.31 away from the June 2017 swing low. Buyers leaned. The price bounced higher.

Earlier today, the inventory data showed crude oil inventories were little changed from last week. The expectations were for a draw of -3400K.

Below are the inventory changes for the week.

  • Crude oil, -46K vs -3400k est
  • Cushing, 799K vs 1091K last week
  • Gasoline, 3003K vs 1000K est
  • Distillates, 2K vs -1000K est.