Down -$1.61 or -3.48%
The price of crude oil futures have settled at $44.61, down -$1.61 or -3.48% on the day. Brent also settled lower at $52.16, down -4.24%.
For crude:
- The high reached $46.70
- The low extended to $44.37
Technically, the run higher in price yesterday stalled right at the 38.2% of the move down from the December 4 high at $47.02 area. Today, was about retracing the euphoria (and short covering) from yesterday. The futures are settling back below its 100 hour MA at $45.32. Stay below would keep sellers more in control.
