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Crude Oil Futures Bearish Momentum With A 4% Drop In The Last 10 Sessions

(VIANEWS) – Crude Oil (CL) has been up by 4.37% for the last 10 sessions. At 05:52 EST on Friday, 18 October, Crude Oil (CL) is $70.71.

Volume

Today’s last reported volume for Crude Oil is 8918, 99.99% below its average volume of 11479460456.71.

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 sell-off eases amid political calls in Israel to strike iranian oil fields. According to FXStreet on Wednesday, 16 October, "At the time of writing, Crude Oil (WTI) trades at $69.70 and Brent Crude at $73.66."
  • Crude oil in narrow range with markets assessing middle east, China outlook. According to FXStreet on Thursday, 17 October, "While several other asset classes are moving with markets hedging for a potential presidential win for former US President Donald Trump in the November 5 presidential elections in the US, it becomes clear Crude Oil has no clue how to price in a Trump win.", "At the time of writing, Crude Oil (WTI) trades at $70.00 and Brent Crude at $74.02"

More news about Crude Oil (CL).

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