Crude oil futures settle at $68.96

Up $1.30 on the day

The price of crude oil futures are settling at $68.96. That is a gain of $1.30 or 1.92%.

The low today extended to $66.92. The high reached $69.36.

The price fell below the 100 day MA both yesterday and today. Yesterday, the price closed below that level. Today, the price moved to a new low going back to June 22, but the break could not be sustained. The day is ending back above that key MA level. Buyers/bulls are hanging in there.