Crude Oil 4 Hour Price Update
Updated January 14, 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 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 is down 0.56% ($0.3) since the previous day, marking a reversal from the day prior — and the end of a 6 day positive run. 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 the previous day. Below is a daily price chart of Crude Oil.
Crude Oil Technical Analysis
The clearest trend exists on the 14 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 20 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Crude Oil for the past day were:
- From Dehati32322561:
@rishibagree As importers of crude oil, it makes good sense to have high petroleum prices in India. Results in conservation. Reduces carbon footprint. Even the producers of petroleum must have high prices to avoid conspicuous consumption to reduce global warming.
- From RealOlaudah:
Also in September 2020, another NNPC report disclosed that three refineries reportedly swallowed N140bn to produce less than 40 metric tonnes of crude oil. There is no clear picture about anything being done to bring back our refineries.
- From NeerajCNBC:
-Asian markets may trade mixed
-Main indices in the US closed in the green while smaller companies soared to record highs
-Small-cap Russell 2000 finished up 1.8%
-Treasury yields fluctuated around a 10-month high
-Crude oil hits 11-month high
For a longer news piece related to CL1 that’s been generating discussion, check out:
No results matched your search By Yasin Ebrahim Investing.com – Crude oil prices jumped to pre-pandemic 11-month highs on Tuesday as investors bet the pandemic’s grip on energy demand is coming to an end as the rollout of vaccines and stimulus will keep rebalancing on track….By Yasin Ebrahim
Investing.com – U.S. oil stockpiles fell last week, adding to expectations that crude demand will likely remain resilient as the vaccine rollout continues.