Crude oil futures settle the week at $55.59
Last week, the price closed near $52.71. The low for the week was on Monday at $51.23. The high extended to $55.72 today.
Technically, the price moved above the 100 hour MA on Tuesday and retested that MA yesterday. Holding that level, gave buyers some added confidence. The contract is closing near the day and week's high and near a topside trend line.