Crude oil futures for July settle at $78.74. June contract settled at $79.,23

Crude oil futures are settling the day at $78.74 for the July contract, up $0.58 or 0.74%.

The June contract settled at $79.23

Once again the price traded above and below its 100-day moving average at $78.51. The price also traded below its 200-day moving average currently at $79.98 for the 12th consecutive day.

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