WTI crude oil futures settle at $42.67

Technical Analysis

Author: Greg Michalowski | wti-crude-oil-futures

Up $1.06 or 2.55%

The price of WTI September crude oil futures are settling at $42.67. That's up $1.06 or 2.55%.

The high price for the day reached $42.90. The low price extended to $41.53.

The weekly oil inventory data was released with crude oil inventories falling by -4512K vs. -2200K estimate. The decline comes after a -7373K fall last week. Gasoline inventories fell -722K vs. -400K estimate.

Looking at the daily chart, the price is closing above the 50% retracement at $41.71. The 200 day moving average above is currently at $43.64. The price has not traded above that moving average since February 20.

Up $1.06 or 2.55%

The October contract settle that $42.95 up $1.08 or 2.58%
For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose