Crude oil futures settle at $65.01, down -$2.03

Settling down -3.03%

Crude oil future settled the day at $65.01. That is down -$2.03 or -3.03%.

The low reached $64.51

The high extended to $66.90.

Technically, the contract moved close to testing the key 200 day MA at $64.33 (the low got within $0.18 of the level). The price has not traded below that MA since October 2017.

Today, the inventory data showed a much greater than expected build of 6805K vs a -2500K draw. That helped to send the price lower.