Crude Oil (CL1) Down $0.15 Over Past 4 Hours; Entered Today Up 1.64%

Crude Oil 4 Hour Price Update

Updated June 03, 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 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 1.64% ($1.11) since the day prior, marking the 3rd consecutive day an increase has occurred. 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 the day prior. Here is a daily price chart of Crude Oil.

CL1

Crude Oil Technical Analysis

The clearest trend exists on the 30 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 21 them.

Overheard on Twitter

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

  • From pickeringenergy:

    As of 6:40am CT, I haven’t seen any energy deals announced today, which means perhaps ibankers actually got the 3-day weekend off. What I DO see is $68+ WTI crude oil…god it is going to be sweet watching naysayers stampede back into this group at some point this year! #MEGA

  • From P8R1OT:

    Resident Biden pledged to reduce greenhouse-gas emissions by at least 50 percent by 2030 from 2005 levels, so he turned off the keystone pipeline to import crude oil with diesel electric trains and freight liners.You’ve got to be one stupid son of a bitch to be a Democrat.

  • From Ajay_Bagga:

    Crude oil rose to its highest in more than two years, with the OPEC+ alliance forecasting a tightening global crude market and a nuclear deal with Iran still up in the air. Treasury yields edged up. The dollar was steady in early Asian trading.

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

Documents show US seized Iranian crude oil off UAE coast, sold it for $110m | The Times of Israel

The EIA figures included just over 1 million barrels of Iranian “crude oil imports” in March….But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.