WTI crude oil futures settle at $73.07

Technical Analysis

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

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

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