WTI crude oil futures settle at $55.54

Down -$0.27 or- 0.48%

The price of crude oil futures are settling the day at $55.54. That is down $0.27 or -0.48% on the day.

The high price for the day reached up to $55.91, while the low extended to $54.61.

Down -$0.27 or- 0.48%

Looking at the hourly chart above, the price action spent most of the day between the 100 hour moving average above at $55.88 (the high reached $55.91), and the 200 hour below at $54.76 (the low reached $54.61). Both extremes were briefly broken but ran out of momentum fairly quickly.

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