Crude Oil (CL1) Down $0.15 On 4 Hour Chart; Came Into Today Up For the 3rd Consecutive Day

Crude Oil 4 Hour Price Update

Updated January 08, 2021 01:52 AM GMT (09:52 PM EST)

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

Crude Oil came into today up 0.4% ($0.2) from the open of the previous day, marking the 3rd consecutive day it has gone up. Those trading within the energy commodity asset class should know that Crude Oil was the worst performer in the class today. The daily price chart of Crude Oil below illustrates.

CL1

Crude Oil Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Crude Oil’s price has gone up 18 them.

Overheard on Twitter

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

  • From Mr_kunlecole:

    Brent crude oil price is $53 per barrel today ,we are almost getting back to pre covid prices, this is good for our 2021 budget since the budget was based on a $40 oil price,also we are bound to get millions of dollars from gas sells this year with the new gas plants.

  • From Dextutu:

    @SamuelOtigba This is done for only madam the madam, in a special way because she is the Crude oil and the Refinery.
    The more heat supplied in care, the more fine products that comes out.Our Elders Say! No man uses his scrotum to test the efficacy of a cutlass Medicine.Not for Side.C

  • From Ifesinachiii:

    Goodluck Ebele Jonathan was a president for 6 years, but he couldn’t open pH, calabar and Warri seaports at least to decongest Lagos. He couldn’t put the refineries to maximum use at least to end crude oil export. It can never be Buhari shaa, GEJ failed the South.

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

Crude oil spill: Bayelsa communities cry out over loss of livelihood – TODAY

Residents of Sangana and other coastal communities in Akassa Kingdom in Brass local government area of Bayelsa State have cried out over loss of their livelihood occasioned by the alleged continuous leakage of crude oil into the environment from an offshore facility in the area….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.