Up to $.55 or 1.08%
US US crude oil futures or settlement a day of $.55 or 1.08% at $51.70. The low extended to $50.77. The high reached $51.82.
At the lows the price tested the 100 hour moving average and held support. That MA currently comes in at $50.83. Other support comes in against the 100 day MA at $51.11 and the 50% of the move down from the February high at $51.01. The buyers remain in control above these key support levels.
