Crude oil futures settle at $60.48

  • Up $0.33 or 0.55%
Oil

Crude oil settled at $60.48, up $0.33 or 0.55%. The to the upside was helped by a much larger drawdown in crude, distillates and gasoline stockpiles this week. High price reached $61.02. The low price was at $59.70 the price high remains below the 100 hour MA at $61.13. There is a swing area between $61.45 and $61.94 that would also need to be broken to increase the buyers control.

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