Crude Oil (CL1) Down $0.15 in Last 4 Hours; Started Today Up 0.92%

Crude Oil 4 Hour Price Update

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

Crude Oil entered the current 4 hour candle at $46.6, 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

The back and forth price flow continues for Crude Oil, which started today off at 66.93 US dollars, up 0.92% ($0.61) from the day prior. 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 day prior. Let’s take a look at the daily price chart of Crude Oil.

CL1

Crude Oil Technical Analysis

Coming into today the current price of Crude Oil is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 9 out of the past 14 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 AareKurunmi:

    The core north sees nothing wrong in stealing the crude oil from the South to develop Niger republic and the Arewa land. It sees nothing wrong in grabbing lands from the South to settle Fulani people. It sees nothing wrong in using the taxes from the South to develop the north?

  • From zoo_bear:

    @smritiirani When Smriti ma’am tweeted this, The prices in Mumbai were : November 2011 : Crude Oil : 5350/barrel, Petrol : Rs. 71, Diesel: Rs 45. May 2021 : Crude oil :4,900/barrel, Petrol : Rs.100 , Diesel : Rs.92Aam Aadmi ki NDA Sarkar works only for khaas tel companies???

  • From 1984Briguy:

    @disclosetv Just in time for Memorial day, all by design. Indonesia refinery fire (lightning strike), colonial pipeline cyber attack on the billing system, Israel and Palestine missile attacks, now this. Someone wants crude oil to be $100 per barrel. Pro tip: Big banks are long on crude.

As for a news story related to Crude Oil getting some buzz:

Documents show US seized Iranian crude oil off UAE coast, sold it for $110m | The Times of Israel

The EIA figures included just over 1 million barrels of Iranian “crude oil imports” in March….But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.