Crude Oil (CL1) Down $0.15 On 4 Hour Chart; Moves Up For the 2nd Straight Day

Crude Oil 4 Hour Price Update

Updated April 29, 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

Crude Oil is up 1.46% ($0.92) since the previous day, marking the 2nd straight day an upward move has occurred. Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 3rd for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Crude Oil.

CL1

Crude Oil Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Crude Oil’s price has gone up 9 them.

Overheard on Twitter

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

  • From nonso_nnamani:

    One day while stuck in Lagos traffic and looking at the hawkers; i wondered to myself – ”Why would anyone go through this stress just to make peanuts” Then i realized that someone who owns a ship for transporting crude oil will look at me and also wonder the same thing.

  • From WealthEnrich:

    Welspun Corp at Rs. 147 looks a top #StocksToWatch #welcorp has order book of 7K cr & will benefit from the rising crude oil prices along with Capex in Oil & Gas.Constant FII & promoter buying & Excellent Debt free balance sheet with cash of Rs. 69/Share are big positives.

  • From dontpanicbjtj:

    @Gr8Believer Pretty sure Rockefeller paid off the Geneva convention to categorize crude oil as a “fossil fuel” so they can set the sage for saying it’s finite, make it worth more money..
    Crude oil is a biological chemical exchange that happens all the time and is a regenerative system

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

OPEC+ alliance affirms crude oil output hike from May, banking on improved demand | S&P Global Platts

“At the same time, we must closely monitor the situation and the spread of the coronavirus that is taking place, especially in some countries of the Asian region.” Kuwaiti oil minister Mohammed al-Fares said before the meeting that the oil market was “witnessing a tangible improvement in the rates of demand with the distribution of vaccines and the continuation of stimulus policies by major global economies,” according to state news agency Kuna….The 23-country alliance, which controls roughly half of world oil production capacity, had committed to holding about 8 million b/d of crude off the market in April — 6.9 million b/d in official OPEC+ cuts and a voluntary additional 1 million b/d cut by Saudi Arabia — as it attempts to support prices through the uneven pandemic recovery.