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

(VIANEWS) – Crude Oil (CL) has been up by 5.57% for the last 10 sessions. At 14:50 EST on Wednesday, 8 May, Crude Oil (CL) is $79.20.

Volume

Today’s last reported volume for Crude Oil is 314291, 99.99% below its average volume of 13039072947.68.

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 continues to soften on middle east ceasefire talks, WTI falls to $78. According to FXStreet on Monday, 6 May, "US Crude Oil production has edged into higher territory in recent weeks, and supply is slowly beginning to outstrip demand. ", "WTI US Crude Oil is seeing market churn near $78.50 as markets grapple with a potential ceasefire deal on the cards, and barrel bids are pricing in a near-term price floor around the $78.00 price handle."

More news about Crude Oil (CL).

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