The price of crude oil is settling the day (and week) at $61.94. The high price today reached $62.52. The low extended to $61.30. The contract rose $0.13 or 0.21% on the day.
Technically, yesterday the contract stalled at the 200 day MA. That comes in at $60.95 and the low from yesterday reached $60.95. That MA will be a key barometer in trading next week. Stay above is more bullish. Move below is more bearish.
Last week the pair closed on Friday at $63.30. The high for the week reached $64.75 on Tuesday and the low yesterday at $60.95 was the low.
Crude oil inventory this week showed a huge 9934K build which helped to cap the topside.