(VIANEWS) – Crude Oil (CL) has been up by 3.38% for the last 5 sessions. At 17:53 EST on Wednesday, 12 June, Crude Oil (CL) is $78.32.
Volume
Today’s last reported volume for Crude Oil is 285282, 99.99% below its average volume of 12659668917.79.
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 extends recovery on renewed supply hopes, WTI breaches $77.50. According to FXStreet on Monday, 10 June, "The API dishes out their latest Weekly Crude Oil Stocks for the week ended July 7 on Tuesday, followed by the EIA’s Crude Oil Stocks Change for the same period on Wednesday.", "OPEC and its consortium have been limiting output through 2023 and 2024 in an effort to stem the tide of global overcapacity, but crimped output limits have been hitting OPEC+ nations in their government budgets, which rely on Crude Oil sales to balance their books."
- Crude oil at risk of snapping recovery streak as markets head towards Wednesday’s fed showing. According to FXStreet on Tuesday, 11 June, "Week-on-week Crude Oil Stocks Change counts from the Energy Information Administration (EIA) are due on Wednesday, but will likely get drowned out by a high-impact Fed showing and an update to US Consumer Price Index (CPI) inflation.", "Despite investor sentiment drifting lower ahead of a key Fed outing on Wednesday, Crude Oil markets held steady after the American Petroleum Institute (API) reported a steeper-than-expected drawdown in Weekly Crude Oil Stocks. "
More news about Crude Oil (CL).
