The price of WTI crude oil futures are settling sharply higher for the second consecutive day. The settlement price comes in at $67.54. That's up $1.90 or 2.89%.
The high for the day reached $67.66. The low price was at $65.44. Just yesterday the price traded as low as $61.78. The gain has taken the price up over 9% from the low to high in 2 short days.
The contract is testing its getting closer to its 100 day moving average at $67.96. A move back above that moving average would be more bullish technically.