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Crude Oil Futures Bearish Momentum With A 8% Drop In The Last 21 Sessions

(VIANEWS) – Crude Oil (CL) has been up by 8.08% for the last 21 sessions. At 20:50 EST on Wednesday, 7 August, Crude Oil (CL) is $75.38.

Volume

Today’s last reported volume for Crude Oil is 4498, 99.99% below its average volume of 12141517454.29.

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 unable to find a bid as WTI languishes below $73. According to FXStreet on Tuesday, 6 August, "Still, the figure looks set to end a multi-week run of sharp declines in US Crude Oil supplies after last week showed a -4.495 million barrel contraction. ", "The American Petroleum Institute (API) released their Weekly Crude Oil Stock counts for the week ended August 2, reporting a thin 180K buildup in US barrel counts. "

More news about Crude Oil (CL).

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