Down -$2.29 or -4.75%
The price of crude oil futures settled at $45.88. That was down -$2.29 or -4.75%
The low for the day reached $45.67. Those lows took out the low from Tuesday at $45.79 and $45.82 earlier today, but momentum faded.
The price rebound has not been great which could lead to even more weakness in the new day. However, if the dip buyers can push a little in the new day, there could be a little short covering rally after the sharp declines.
For a technical look at the crude oil, CLICK HERE.
