The price of WTI crude oil settled at $92.31. That is up $2.04 or 2.26%. The high reached $93.17 and the low was at $90.07.
The high reached the highest level since September/October 2014.
The price last week closed at $87.24. The close this week reached $92.31 for a gain of $5.07 on the week. That equates to a 5.8% gain. The big technical tell for the week, was the low yesterday that stalled right at the 200 hour MA and raced higher from there.
This article was originally published by Forexlive.com. Read the original article here.
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