Crude Oil Futures Went Up By Over 5% In The Last 5 Sessions

(VIANEWS) – Crude Oil (CL) has been up by 5.39% for the last 5 sessions. At 04:51 EST on Friday, 9 February, Crude Oil (CL) is $76.39.

Volume

Today’s last reported volume for Crude Oil is 43653, 99.99% below its average volume of 13667117680.51.

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 continues thin recovery, WTI struggles to reclaim $74. According to FXStreet on Wednesday, 7 February, "WTI remains down after a near-term rejection from the 200-day SMA just below the $78.00 handle, and US Crude Oil continues to trade into the middle of a medium-term congestion range that has hampered price momentum since declining below the 200-day SMA in November.", "According to the EIA, the US is set to see overall Crude Oil production to expand by an average of 160K barrels per day through 2024 after last year’s record 1.02 million barrel per day production expansion. "

More news about Crude Oil (CL).

Leave a Reply

Your email address will not be published. Required fields are marked *