Crude Oil Futures Bullish Momentum With A 10% Rise In The Last 21 Sessions

(VIANEWS) – Crude Oil (CL) has been up by 10.33% for the last 21 sessions. At 17:50 EST on Tuesday, 2 July, Crude Oil (CL) is $83.17.

Volume

Today’s last reported volume for Crude Oil is 344744, 99.99% below its average volume of 12550116742.11.

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 rallies to fresh nine-week high on Monday, WTI tests $83. According to FXStreet on Monday, 1 July, "With Iran backing Palestinian Hamas, concerns are mounting that Israel may step too far in their campaign and cause Tehran to step into matters with military force, destabilizing global Crude Oil supply lines.", "West Texas Intermediate (WTI) US Crude Oil rose sharply on Monday, climbing nearly $2 per barrel, as energy markets found fresh bidding pressure amid ongoing Middle East geopolitical tensions and hopes that unseasonally hot temperatures across the US would bolster demand enough to eat up supply."

More news about Crude Oil (CL).

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