US crude oil futures settle at $55.23

Technical Analysis

Author: Greg Michalowski | crude-oil

Down $1.87 or -3.27%

The WTI crude oil futures are settling at $55.23.  That is down $-1.87 or -3.27%

The settle prices well off the low of $53.97, but also well off the high of $56.85 (it is near the middle of the range).  

The crude oil inventories and a surprised build of 1580K today vs -2500K estimate. However, the private API data released near the close yesterday also showed a build. 

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