Up at $1.10 for 2.02%

The price of crude oil is settling the day at $55.64 per barrel. That is higher by $1.10 or 2.02%. The close is the highest close since July 2015. The price today moved above the January 3, 2017 high of $55.24.

The high today extended to $55.72. The low reach $54.40.

Staying above the prior high in 2017 will look toward $56.51. Above that and the contract is trading in the consolidation area from mid year 2015. That range is from $56.51 to $61.82.