Crude Oil (CL1) Down $0.15 in Last 4 Hours; Entered Today Up 1.43%

Crude Oil 4 Hour Price Update

Updated May 04, 2021 01:53 AM GMT (09:53 PM EST)

46.6 was the closing price of the four-hour candle for Crude Oil, resulting in the current 4 hour candle being one in which price moved down 0.32% ($0.15) from the previous 4 hours. 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

The choppiness in the recent daily price action of Crude Oil continues; to start today, it came in at a price of 64.49 US dollars, up 1.43% ($0.91) since the day prior. Relative to other instruments in the energy commodity asset class, Crude Oil ranked 3rd since the day prior in terms of percentage price change. The daily price chart of Crude Oil below illustrates.

CL1

Crude Oil Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Crude Oil’s price has gone up 6 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Crude Oil:

  • From chike46359549:

    @DavidHundeyin How is a referendum a “blood and thunder idea”? Look, any idea that would seem to restrict the monies from crude oil and gas, would be made to look like blood and thunder idea by those who benefit from it. No matter how sensible your idea is, they don’t want it. Just leave Kanu.

  • From FestusGreen:

    How is it possible that the Sultan of Sokoto owns 23 oil Wells in Niger Delta? How many Southerner own any gold field in Northern Nigeria? The crude oil in Southern NIGERIA belongs to Nigeria, but the gold in Zamfara belongs to Northern Nigeria?How would we grow like this na?

  • From DrOlusesan:

    @The9jaHybrid @mamannajwa I’ll be less critical of his enthusiasm because he did this without having an engineering background. Apart from economics, his idea may have given less considerations to d environment. Nonetheless, we can’t conclude using crude oil to generate power cant be economically viable.

In terms of news links for Crude Oil here’s one to try:

Crude Oil Prices Consolidate as Demand from Japan and India Falls

Note: Low and High figures are for the trading day.