Up $2.29 or 3.87%
The price of crude oil futures are settling at $61.45 or up $2.29 or 3.87%. The high price reached $61.75. The low extended to $58.86. OPEC+ met today. A summary can be found HERE.
Technically, the price moved back above the 100/200 hour MA in the run to the upside but stalled ahead of the 50% retracement at $61.83. A move above that 50% would be a more bullish bias shift .
This article was originally published by Forexlive.com. Read the original article here.