Crude Oil (CL1) Down $0.15 Over Past 4 Hours, Fares the Worst Out of energy commodity; Came Into Today Down For the 2nd Consecutive Day

Crude Oil 4 Hour Price Update

Updated April 22, 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. 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 2.11% ($1.32) since yesterday, marking the 2nd consecutive day it has gone down. On a relative basis, Crude Oil was the worst performer out of all 6 of the assets in the energy commodity asset class today. The daily price chart of Crude Oil below illustrates.

CL1

Crude Oil Technical Analysis

First things first: Crude Oil crossed below its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Crude Oil’s price has gone up 8 of the previous 14 trading days.

Overheard on Twitter

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

  • From IpobCentral:

    @ogu_ojukwu And it is the more expensive LOW SULPHURE crude oil that come from Biafra Land – This is what is keeping Britain as a 1st world economy. Biafra must be restored as appreciation to Chukwu who has blessed us with these resources – Show him we know the value of his Gifts to Biafra✍️

  • From PabloHoggs:

    These days I like how I’m moving & growing. I don’t force friendships or conversation, I give you back the energy and vibe you bring to me.You see me, I see you. You shenk me, I shenk you. You respect me, I respect you. You go low, I turn crude oil.No time🚶

  • From lemmeEmKnow:

    @AfricaFactsZone Jose Eduardo Santos finished this Beautiful land . Corruption was organised in high office with his daughter Isabella. Taking all major projects without any obstacles. Angolans live in extreme poverty while their major producer of crude oil. While Luanda being Expnsv city

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

China’s crude oil imports from Saudi up 8.8% y/y in March, UAE shipments jump | Reuters

That was higher than 1.7 million bpd a year earlier, but below imports of 1.94 million bpd in February….China’s imports from the UAE were at 0.71 million bpd last month, up 86% on year.