Crude oil futures settle at $83.16

News

Crude oil futures are settling the day $83.16. That’s down $0.72 or -0.86% on the day. The high price today reached a $84.49. The low price extended to $83.12.

Although lower today, the price is up 2.15% for the trading week. At session highs for the week the presence of $3.05. Session was the price was unchanged. The current price is of about $1.78.

This week the inventory data showed a huge drawdown of -12.157M (versus expectations of -0.680M). That helped to support the price.

Articles You May Like

USDCHF rallies to key retracement last week and sold off. Today the bias is back higher.
Is silver ready to sparkle in 2025?
Australian Dollar recovers as traders await RBA minutes next week
EURUSD testing the 100 hour MA and near a key swing area
US Dollar edges lower after soft PCE data

Leave a Reply

Your email address will not be published. Required fields are marked *