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Crude Oil Futures Slides By 5% In The Last 10 Sessions

(VIANEWS) – Crude Oil (CL) has been up by 5.88% for the last 10 sessions. At 20:51 EST on Wednesday, 24 July, Crude Oil (CL) is $77.35.

Volume

Today’s last reported volume for Crude Oil is 3714, 99.99% below its average volume of 12336602625.38.

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 struggles to recover footing on Tuesday despite API barrel count contraction. According to FXStreet on Tuesday, 23 July, "Daily candlesticks paint a notable bearish picture, with US Crude Oil prices threatening to backslide to early June’s bottom bids near $72.50 and price action descending almost unimpeded below the 200-day EMA at $79.23.", "West Texas Intermediate (WTI) briefly fell below $77.00 per barrel on Tuesday before a meager recovery that left US Crude Oil markets grappling with a fresh bout of broad-market bearishness."

More news about Crude Oil (CL).

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