Crude Oil (CL1) Down $0.15 Over Past 4 Hours, Outperforms All energy commodity; Entered Today Up For the 2nd Straight Day

Crude Oil 4 Hour Price Update

Updated July 12, 2021 01:52 AM GMT (09:52 PM EST)

46.6 was the closing price of the four-hour candle for Crude Oil, resulting in the current 4 hour candle being one in which price moved down 0.32% ($0.15) from 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 up 2.22% ($1.62) since the previous day, marking the 2nd straight day it has gone up. Crude Oil outperformed all 6 assets in the energy commodity asset class since the previous day. Let’s take a look at the daily price chart of Crude Oil.

CL1

Crude Oil Technical Analysis

Coming into today Crude Oil is now close to its 20 day averages, located at 72.82 respectively, and thus may be at a key juncture along those timeframes. Volatility for Crude Oil has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 10 days Crude Oil’s price has gone up 6 them.

Overheard on Twitter

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

  • From onyii_paul:

    There’s crude oil in the south but @MBuhari is building refinery in the north. There’s sea in the south @MBuhari built desert portland in the north. There’s cows in the North presidency wants to build ranch in the South. Looking at Nigeria and you would see misplaced priorities

  • From LoPIndia:

    Under the garb of resource & infrastructure development, the Modi Govt has imposed an oppressive tax regime on India reminiscent of British ‘lagaan’. Fuel prices continue to rise despite a fall in global crude oil prices raising transport costs & killing consumption.(1/n)

  • From MadukaOgwueleka:

    ‘Biafra not sustainable’…..Agbakoba (?? Former Biafran soldier).Wow! How could a grown-up ‘educated’ man say that Biafra is not sustainable when 90% of the crude oil sales that have sustained Nigeria comes from Biafraland?I don’t blame Kanu for insulting these cowards.