Up $0.41 or 0.65%
The price of crude oil settled at $63.91, up $0.41 or 0.65%.
The high price reached $64.75. The low extended to $63.30.
Looking at the daily chart, the pair remains above the 200 day MA at $61.04. If the technical picture is to deteriorate markedly, a move back below that level would be needed to kick start a more negative bias (see green line in the chart above). Until then, the buyers remain more in control.
