Down -$.29 or -0.55% on the dayThe price of crude oil futures are settling at $52.18 per barrel. That is down-$.29 or -0.55%.
The high for the day reached $52.57.The low for the day reached $51.89.
Today the inventory data came in very similar to what the API data was last night. As a result, there is little change. ]
Technically, the 100 and 200 hour moving averages coming around the $51.85 level. The low today reached $51.89. So traders leaned against those two moving averages on the dip. Stay above and the bulls remain more in control. Move below and we could see more downside momentum.