WTI crude oil futures settle at $118.87

The price of WTI crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, Read this Term futures are settling at $118.87. That's up $2 or 1.71%.

The high price today reached $119.42. The low price extended to $115.23.

One week ago today, the price closed at $115.07. That puts the gain for the week at $3.80 or 3.3%.

The high for the week reached $119.98 on Monday. The low for the week extended to $111.20. That was a yesterday after the OPEC+ decision.

Working in favor of the upside was China reopening along with continued low inventories. The weekly inventory data in the US this week showed a larger than expected to draw of -5.06 million barrels this week.

This despite record high prices at the pump in the US.