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Crude oil futures to settle at $77.07

Crude oil futures to settle at $77.07
The price of WTI crude futures settled at $77.07. That is down $1.69 or -2.15%. The low price today reached $76.50. That move took the price below the 100 day moving average at $76.85 (blue line in the chart above). However, the price momentum could not be sustained and the price rotated modestly back to the upside.On the downside, the next major target comes against the high price going back to Friday, March 31 at $75.70. That high preceded the OPEC+ meeting which saw surprise production cuts... Read More
Posted: Apr 25 2023, 19:21
Author Name: forexlive
Views: 110719

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