Up $0.89 on the day or 1.31%

The price of crude oil is settling the day and week at $68.72. That is up $0.89 on the day or 1.31%.

The price has come off the highs into the close. The high for the day reached $69.31. The low reached $67.78.

The move higher today was able to break above the 100 day MA $68.52 (and closed above). Stay above is would be more bullish next week. After the settlement, the price has moved a little lower and trades just around the 100 day MA (see chart below).