Crude Oil (CL1) Down $0.15 Over Past 4 Hours, Entered Today Down 0.75%; in an Uptrend Over Past 14 Days

Crude Oil 4 Hour Price Update

Updated February 12, 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. 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 is down 0.75% ($0.44) since yesterday, marking a reversal from the day prior — and the end of a 8 day positive run. Relative to other instruments in the energy commodity asset class, Crude Oil ranked 4th since yesterday in terms of percentage price change. Let’s take a look at the 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 another vantage point, consider that Crude Oil’s price has gone up 10 of the previous 14 trading days.

Overheard on Twitter

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

  • From Ian_H_Lundin:

    IEA says India will be the largest source of energy demand growth over next two decades.India’s oil demand is expected to rise to 8.7M bpd in 2040, up from 5M bpd in 2019. India currently imports about 76% of its crude oil needs, but that is expected to rise to 90% by 2030.

  • From drshamamohd:

    Petrol price hiked by 25 paise/litre & diesel by 30 p/litre, taking petrol to an all time high of Rs 94.36/L & Diesel to Rs 84.94/L, when crude oil is just $60 a barrel. How are people supposed to afford such exorbitant prices when so many have lost their jobs after the lockdown!

  • From AabidMagami:

    July 2008 : crude oil price was $132.47 per barrel, Petrol was priced at Rs. 50.62 per litre.February 2021: crude oil is priced at $59.78 per barrel, while petrol is at an all-time high of Rs. 90 /Litre.#PSU_PSB_Sale

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

Retail Price Of Petrol Has Increased By 73% In Last 13 Years Despite Crude Oil Price Falling 23%

Right now, in Delhi, the price of petrol stands at an all-time high of ₹ 87.60 per litre, while diesel is priced at ₹ 77.73 per litre….And back then, the price of petrol in India was ₹ 50.62 per litre and diesel was ₹ 34.86 per litre.