Down -$1.15 or -1.65%
The price of crude oil is ending the session lower. The price settled at $68.72, down -$1.15 or -1.65%.
The high extended to $69.59.
The low reached $68.59. The price is closing nearer the lows for the day.
Technically, the price decline (and close) has taken the price below the 100 day MA at the $68.82 level. Now it is only $0.10 below the level. So the new day's trading will be eyed for the next clue.
The DOE will release inventory data tomorrow. The crude inventories are expected to show a draw of -2750k vs -2566K last week.
