Crude Oil (CL1) Down $0.15 On 4 Hour Chart; Entered Today Up For the 2nd Day In A Row

Crude Oil 4 Hour Price Update

Updated June 02, 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

Crude Oil closed yesterday up 1.18% ($0.79); this denotes the 2nd day in a row it has gone up. Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 4th for the day in terms of price change relative to yesterday. Here is a daily price chart of Crude Oil.

CL1

Crude Oil Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Crude Oil’s price has gone up 9 of the previous 14 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Crude Oil:

  • From pickeringenergy:

    As of 6:40am CT, I haven’t seen any energy deals announced today, which means perhaps ibankers actually got the 3-day weekend off. What I DO see is $68+ WTI crude oil…god it is going to be sweet watching naysayers stampede back into this group at some point this year! #MEGA

  • 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 P8R1OT:

    Resident Biden pledged to reduce greenhouse-gas emissions by at least 50 percent by 2030 from 2005 levels, so he turned off the keystone pipeline to import crude oil with diesel electric trains and freight liners.You’ve got to be one stupid son of a bitch to be a Democrat.

In terms of news links for Crude Oil here’s one to try:

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.