(VIANEWS) – Crude Oil (CL) has been up by 5.37% for the last 10 sessions. At 08:50 EST on Wednesday, 5 June, Crude Oil (CL) is $73.62.
Volume
Today’s last reported volume for Crude Oil is 67235, 99.99% below its average volume of 12746208491.93.
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 declines after opec+ disappoints barrel traders, WTI tests $74. According to FXStreet on Monday, 3 June, "OPEC+ has been participating in voluntary Crude Oil production cuts that have kept 2.2 million barrels per day off the markets in an attempt to bolster global barrel prices in the face of global Crude Oil output that has grown to outpace demand. ", "US Crude Oil traders will be looking ahead to weekly updates on barrel counts from the American Petroleum Insitute (API) and the Energy Information Administration (EIA), due on Tuesday and Wednesday, respectively. "
- Crude oil extends declines as markets balk at opec+ plans to end production cuts. According to FXStreet on Tuesday, 4 June, "West Texas Intermediate (WTI) US Crude Oil tumbled to fresh lows on Tuesday as energy market sentiment extended a pullback in risk appetite. ", "Weekly Crude Oil stocks reporting recently showed a sharp decline in raw barrel counts at US storage facilities, but refinery stocks have been swamped by overproduction after the run-up into the Memorial Day holiday driving season, usually marked by a notable upswing in gasoline demand, failed to spark consumer draws anywhere near producers’ hoped levels."
More news about Crude Oil (CL).
