Crude Oil 4 Hour Price Update
Updated February 23, 2021 01:53 AM GMT (09:53 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
61.7 was the closing price of the day for Crude Oil, resulting in today being one in which price moved up 4.12% ($2.44) from the previous day. Crude Oil outperformed all 6 assets in the energy commodity asset class since the previous day. Below 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 19 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Crude Oil:
- From GAX1AXA:
Why does the UK want to hold on to us? We have 96% of UK’s crude oil, 63% of its natural gas, 26% of its renewables, 90% of its hydropower, and fresh water, and 60% of its timber. Plus 25% of Europe’s offshore wind and tidal energy resource. That’s why. It’s our wealth. #Snp
- From geetv79:
@RahulGandhi Congress govt coped with record high global prices of crude oil at of $106-140, yet kept Indian prices cheaper than nowWhen global oil prices fell to record lows after 2014 under BJP & still much lower than 2011-12, Indian fuel prices are at their highest ever, due to Modi Tax
- From TweshMishra:
Petrol is now sold at ₹ 90.58 a litre while diesel at ₹ 80.97 a litre in Delhi. Petrol price has also topped an alarming ₹ 100 per litre in some parts of the country while the price of crude oil is (just) $ 62.91 a barrel. #END