Crude oil futures settle at $53.57

Technical Analysis

Author: Greg Michalowski | crude-oil-futures

up $0.66 or 1.25%

The price of crude oil is settling at $53.57. That is up $0.66 or 1.25% on the day.  The high for the day reached $53.73. The low was at $52.24. 

The high today could not quite get to the high from yesterday at $53.93, but was able to get above the high going back to February 2020 at $53.60.  The price is settling just below that level at $53.57.  The high price from 2020 reached $57.68 (for the February contract).  

Crude oil futures settle up $0.66 or 1.25%
  
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