(VIANEWS) – Crude Oil (CL) has been up by 4.11% for the last 10 sessions. At 14:52 EST on Friday, 7 June, Crude Oil (CL) is $75.40.
Volume
Today’s last reported volume for Crude Oil is 240166, 99.99% below its average volume of 12526026307.41.
Volatility
Crude Oil’s last week, last month’s, and last quarter’s current intraday variation average was 0.83%, 0.47%, and 1.51%, respectively.
Crude Oil’s highest amplitude of average volatility was 1.44% (last week), 1.39% (last month), and 1.51% (last quarter), respectively.
Commodity Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Crude Oil’s commodity is considered to be overbought (>=80).
Previous days news about Crude Oil (CL)
- Crude oil attempts to shrug off supplies buildup, WTI claws back to $74. According to FXStreet on Wednesday, 5 June, "As oil-heavy nations prepare to pivot away from OPEC+ production limits in favor of balancing their government budgets, Crude Oil markets are balking at the prospect of even further risks of oversupply as global demand fails to materialize in-line with energy market expectations.", "US Crude Oil tested into its lowest bids since February, and the upside is looking thin."
- Crude oil extends recovery, WTI tests $75.50. According to FXStreet on Thursday, 6 June, "US Crude Oil bulls are aiming to drag WTI bids back into a recent consolidation zone around the $78.00 handle, though an exhaustion play could be on the cards with the 50-day EMA declining through the long-term MA.", "After years of trying to bolster global Crude Oil prices using voluntary production limits, the Organization of the Petroleum Exporting Countries (OPEC) and its extended network of allied non-member states, OPEC+, are poised to phase out voluntary production caps that have kept north of 2.2 million barrels per day out of global supply lines. "
More news about Crude Oil (CL).
