Crude Oil (CL1) Down $0.15 Over Past 4 Hours, Moves Down For the 2nd Consecutive Day; in an Uptrend Over Past 90 Days

Crude Oil 4 Hour Price Update

Updated July 28, 2021 01:52 AM GMT (09:52 PM EST)

Crude Oil entered the current 4 hour candle at $46.6, down 0.32% ($0.15) from the previous 4 hours. 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 came into today down 0.36% ($0.26) from the open of yesterday, marking the 2nd consecutive day a decrease has occurred. Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 5th for the day in terms of price change relative to yesterday. Below is a daily price chart of Crude Oil.

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Crude Oil Technical Analysis

Notably, Crude Oil is now close to its 20 and 50 day averages, located at 72.36 and 70.36 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Crude Oil’s price has gone up 18 of the previous 30 trading days.

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 larry__hoova:

    @BarterBlex @Basedclydefrog I’m back bitches I was on a month long retreat with executives of big oil companies learning new ways to increase global warming. As a gift I was given a couple thousand gallons of crude oil and you know ya boi dumped those in every lake I passed on the way home.

  • From AsimSiddiqPTi:

    Imran khan’s govt. presented its 3rd budget ,so he must not be held responsible for a current wave of inflation .This inflation is resulted due to price of crude oil rising in the international market and imbalance of cash flows in Pakistan .

  • From theakyemmafia:

    I don’t know why everyone is shocked when I say TEMA OIL REFINERY is doing well and that TOR refines crude oil produced in Ghana occasionally…How is that surprising to everyone? Lol..You people don’t have Gyidie in TOR like that?