(VIANEWS) – Crude Oil (CL) has been up by 7.76% for the last 21 sessions. At 14:50 EST on Thursday, 4 July, Crude Oil (CL) is $84.06.
Volume
Today’s last reported volume for Crude Oil is 81231, 99.99% below its average volume of 12406960505.13.
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 churns on Tuesday, but losses limited after steep API drawdown. According to FXStreet on Tuesday, 2 July, "The American Petroleum Institute (API) noted its steepest week-on-week US Weekly Crude Oil Stocks in nearly two years; API barrel counts noted a weekly decline of -9.163 million, far below the forecast -150K drawdown and adding to the previous week’s -3 million barrel decline.", "Despite the sharp downturn in Crude Oil stocks, WTI bids remain constrained on Tuesday’s low end after the API also noted a 2.468 million uptick in Gasoline counts as refiners prepare for the summer travel peak. "
- Crude oil rallies after sharp drawdown in EIA supplies, WTI reclaims $83. According to FXStreet on Wednesday, 3 July, "The Energy Information Administration (EIA) posted a much larger week-on-week drawdown in US Crude Oil reserves, sparking a risk rally despite an initial plunge following worse-than-expected economic figures from the US.", "After a bullish breakout from a rough near-term consolidation phase, WTI is leaning steeper into a bull run, but momentum remains thin and could see Crude Oil backslide into the 200-day EMA rising above the $74.00 handle."
More news about Crude Oil (CL).
