Crude Oil 4 Hour Price Update
Updated January 07, 2021 01:52 AM GMT (09:52 PM EST)
The choppiness in the recent four-hour candle price action of Crude Oil continues; to start the current 4 hour candle, it came in at a price of 46.6 US dollars, down 0.32% ($0.15) since the last 4 hour candle. On a relative basis, Crude Oil was the worst performer out of all 6 of the assets in the energy commodity asset class the current 4 hour candle.
Crude Oil Daily Price Recap
Crude Oil is up 1.4% ($0.7) since yesterday, marking the 2nd straight day it has gone up. 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 yesterday. Here is a daily price chart of Crude Oil.
Crude Oil Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Crude Oil’s price has gone up 18 of the previous 30 trading days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Crude Oil for the past day were:
- From TeacherLingua:
So yesterday my daughter (18 mo) said she need 11, 780 legos to complete her mock Childlike Empress spire. I gave her a chicken bone and told her seeing a it become a fossil and then crude oil will help her make her own legos. It took 100mil years, but it was worth it.
- From Hoekage77:
Look at leather and hide resource, we dey use am swallow Amala.
Palm oil we dey use am make soup and stew. (Ofe aku is the truth)
Can’t we export something on a major scale except crude oil? 😭
A country so blessed and yet so cursed
- From AnnieMLeonard:
Abolish filibuster. Raise minimum wage. Provide Covid relief to people – not fossil fuel corps. Declare climate emergency. End fossil fuel extraction on public lands. Reinstate crude oil export ban. GND. M4A. Forgive student debt. Free public colleges. What else are we gonna do?
As for a news story related to Crude Oil getting some buzz:
Chairman of the United Fishing Union of Sangana, Ikonikumo Noel said: “The death of this fish (referring to a completely decomposed large fish and pointing towards the oil facilities in the sea) was caused by the oil spill from Conoil facility….“The oil spill happened about three months ago….Report has been given to NOSDRA and Bayelsa State Ministry of Environment yet we are not seeing anything.” Lamenting the situation in the area, President of Akassa Youth Leaders Forum, Telimoye Moses asserted, “we have videos taken at the wellhead site and our fisher folks going to sea still inform us that the crude oil is still floating and affecting their fishing activities till now….“Fishing communities are suffering from oil devastation and damages as they call on relevant interventionists to be proactive and act fast to end this threat which is no doubt affecting conservation of marine ecosystems as the beach is major nesting ground for Green, olive ridley and leatherback turtles.” Though the company could not be reached for comment, the Environmental Rights Action/Friends of the Earth Nigeria which visited the area expressed concern over the state of the environment and urged the industry regulators, especially the National Oil Spill Detection and Response Agency (NOSDRA), Department of Petroleum Resources (DPR) and Bayelsa State Ministry of Environment to investigate the matter and follow up in the interest of the environment.