Crude Oil 4 Hour Price Update
Updated January 12, 2021 01:52 AM GMT (09:52 PM EST)
The back and forth price flow continues for Crude Oil, which started the current 4 hour candle off at 46.6 US dollars, down 0.32% ($0.15) from the last 4 hour candle. Those trading within the energy commodity asset class should know that Crude Oil was the worst performer in the class the current 4 hour candle.
Crude Oil Daily Price Recap
Crude Oil is up 0.02% ($0.01) since the previous day, marking the 5th day in a row an upward move has occurred. Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 2nd for the day in terms of price change relative to the previous day. Below is a daily price chart of Crude Oil.
Crude Oil Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that Crude Oil’s price has gone up 8 of the previous 10 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Crude Oil:
- From aayeff1:
The Govt has been quick to point out that global trends will affect India too. So a lot of blame which lies on Modi Govt for bad policy decsns before the Pandemic has been heaped on Covid19.
At the same time, another global trend, that’s s falling fuel prices incl crude oil..1/2
- From BGDNbusiness:
At $2.31 per gal., AAA reports, the national gas price avg. is at its highest in 10 months. Today’s avg. is 6 cents more than last week and 16 cents more than a month ago. Rise attributed to tightening supply and rising crude oil prices, which are outweighing decreasing demand.
- From siddaramaiah:
Petrol price was just Rs. 60-65 per litre when Crude oil price was $110 a barrel during UPA.
Now, crude oil price is just around $ 42 but petrol price is more Rs. 85 per litre.The petrol price now should have been half of what it was during UPA.11/11