Up $0.29 or 0.57%

US crude oil futures are settling the day up $0.29 or +0.57% on the day.

The high price today extended to $51.87. The low was $51.02. Needless to say, the range was pretty narrow for the pair today.

The pair remains within the $50 to $55 price range that has confined the pair (roughly) going back to early December. Yesterday, the price fell into the lower half of the range (< $52.50). Today, the high price stalled ahead of the 50 hour MA (currently at $51.86).