Crude Oil (CL1) Down $0.15 On 4 Hour Chart, Started Today Up 2.11%; in an Uptrend Over Past 14 Days

Crude Oil 4 Hour Price Update

Updated February 15, 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. 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 entered today at $59.47, up 2.11% ($1.23) from yesterday. Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 2nd for the day in terms of price change relative to yesterday. Below 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 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 10 out of the past 14 days.

Overheard on Twitter

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

  • From 80_mcswan:

    why are the British are so desperate to hold on to Scotland?
    65% of the UK natural gas production
    90% of UK’s Fresh Water
    60% of the Uks fish landings
    92% of Uks hydro-electric production
    40% of UKs wind wave & solar energy production
    96% of UK’s crude Oil production!

  • 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

  • From Julisuma:

    About 70% of the world’s crude oil products are used to power vehiclesBut 58% of the world’s cars will be electric by 204065% of our government’s revenue come from sales of crude oilThere’s fire on the mountain! But no one seems to be on the run

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

Panic in Bayelsa community as crude oil mysteriously erupts from ground | Tribune Online

Whether the crude oil was forced out of the ground by human or natural causes is yet-to-be-established but National Oil Spill Detection And Response Agency (NOSDRA) has visited the site and taken samples for testing, Nigerian Tribune learnt….However, an environmental scientist attached to the NOSDRA Reference Laboratory who also visited the site and pleaded not to be mentioned hinted that the crude oil is fresh, indicating that the crude oil may have erupted through a crack on the ground.