Crude Oil (CL1) Down $0.15 Over Past 4 Hours, 3 Day Up Streak Snapped; in an Uptrend Over Past 14 Days

Crude Oil 4 Hour Price Update

Updated February 19, 2021 01:52 AM GMT (09:52 PM EST)

46.6 was the closing price of the four-hour candle for Crude Oil, resulting in the current 4 hour candle being one in which price moved 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

The end of a 3 day positive run has come for Crude Oil, which finished the day prior down 1.01% ($0.62). Relative to other instruments in the energy commodity asset class, Crude Oil ranked 5th since the day prior in terms of percentage price change. Below is a daily price chart of Crude Oil.

CL1

Crude Oil Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 10 days.

Overheard on Twitter

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

  • From MichaelGoodwell:

    Just a reminder that following the 2008 financial crisis, US 10Y yields rose from a low of 2.1% to a high of 3.8% and crude oil rose from $38 to $115.So far, US 10s have risen from 0.5% to 1.32% and crude oil has gone from ~$15 (ignoring when it went negative) to $60.

  • From sophiahanda:

    Indian economy clocked 10.08 % growth under Congress tenure,Petrol was 71 Rs litre even though Crude oil was 109$ barrel, RG has already said he will scrap farm laws once at power at Centre & he won’t let CAA implement,So da solution 2 all da mess in da country is RG & @INCIndia

  • From TOIMumbai:

    Manmohan Singh as PM kept fuel prices low despite surge in crude oil prices globally. Amitabh Bachchan & Akshay Kumar tweeted at that time demanding fuel be sold for Rs 5-10. The way Modi govt is hiking #FuelPrices , why aren’t they tweeting now?: MPCC chief #NanaPatole (ANI)

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

Crude oil price hits 13-month high – TODAY

The upswing in oil prices came as the federal government yesterday unfolded plans to stop gas flaring in the next four years….FG Sets Four-year Target to Eliminate Gas Flaring The federal government yesterday unfolded plans to stop gas flaring in the next four years….Minister of State for Petroleum, Chief Timipre Sylva, at a public hearing on “Need to End Gas Flaring in Nigeria and Harness Associated Gas in Nigeria organised by the House of Representatives Joint Committee on Gas Resources, Environment and Climate Change, said in Abuja that Nigeria would join the global community in achieving the complete elimination of gas flaring by 2025….Mutu Nicholas, stated that Nigeria loses over $750 million in annual revenue from flared gas.