(VIANEWS) – Crude Oil (CL) has been up by 8.24% for the last 21 sessions. At 23:50 EST on Wednesday, 18 September, Crude Oil (CL) is $70.80.
Volume
Today’s last reported volume for Crude Oil is 1588, 99.99% below its average volume of 11801209890.03.
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 hovers below $70 as traders focus on US supply disruptions, fed meeting. According to FXStreet on Tuesday, 17 September, "This helps Crude Oil prices higher in the assumption that a bigger rate cut would give a brief push to the economic activity, which in turn would benefit Oil demand.", "At the time of writing, Crude Oil (WTI) trades at $69.02 and Brent Crude at $72.25."
- Crude oil slides below $70 ahead of vital fed meeting. According to FXStreet on Wednesday, 18 September, "A bigger 50 bps cut in borrowing costs and further rate cut projections in the Fed’s Summary of Economic Projections (SEP) will be perceived as oxygen for the much-battered Crude Oil price. ", "Expect to see Crude Oil rally under the assumption that demand and growth will pick up again if the Fed delivers that ultra-dovish message without spooking the markets."
More news about Crude Oil (CL).
