Up $0.23 or 0.32%

The price of WTI crude oil futures are settling at $73.07. That is up $0.23 or 0.32%.

The high price moved to a new cycle high of $74.25. The low price extended to $72.82. The highs the highest level since October 2018.

The weekly crude oil inventories fell by -7.6 million barrels versus -3.5 million estimate. Last week the inventories fell by an additional -7.35 million barrels.

WTI crude oil futures on the hourly chart