Crude Oil 4 Hour Price Update
Updated February 16, 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 came into today up 1.11% ($0.66) from the open of the day prior, marking the 2nd consecutive day an upward move has occurred. Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 5th 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.
Crude Oil Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Crude Oil’s price has gone up 9 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Crude Oil:
- From Charlie1691:
To all you people who voted for Joe Biden ….. At this hour Crude Oil is up at $1.03 on the spot market to a whopping $60.50 per barrell..! This represents an 8% increase in less than 24 days. On Inauguration Day oil was $53.28/barrell. Thank you Joe and all who voted for him
- From dwright100:
@JohnCornyn The price of crude oil is at historic lows. There is s surplus of oil. Just like the buggy-whip industry was phased out with new technologies, the oil industry has begun its long slow decline. Let’s just hope that we can make enough change before we kill the planet.
- From Gistloversblog1:
There is a mixed feeling of fear and excitement in a non-crude oil producing community, Otuabula 2, in Ogbia Local Government Council of Bayelsa State when crude oil was discovered to have spurted from the ground. Whether the crude oil was forced out of the ground by human or
As for a news story related to Crude Oil getting some buzz:
An Arctic air mass gripped much of the United States over the weekend, including Texas, prompting the state’s grid operator, Electric Reliability Council of Texas, to implement rolling blackouts across the state, citing record-breaking energy demands due to the extreme cold…. By Arpan Varghese (Reuters) – A deep freeze across the United States is taking a toll on the energy industry in the largest U.S. crude-producing state, halting Texas oil wells and…