WTI crude oil futures settle at $71.91
Up $1.61 or 2.29%The move higher in crude oil futures continued today with a sharp rise to the upside. The September contract settled at $71.91. That's up $1.61 or 2.29%.
Looking at the hourly chart, the futures contract broke above the 200 hour moving average and the 50% retracement of the move down from the July high near the $71.27 level. Stay above that level would the buyers in control going forward.