Crude Oil 4 Hour Price Update
Updated February 18, 2021 01:53 AM GMT (09:53 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 came into today up 1.82% ($1.09) from the open of the previous day, marking the 3rd day in a row an upward move has occurred. Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 3rd for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Crude Oil.
Crude Oil Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 11 out of the past 14 days.
Overheard on Twitter
Behold! Here are the top tweets related to Crude Oil:
- From MichaelGoodwell:
Just a reminder that following the 2008 financial crisis, US 10Y yields rose from a low of 2.1% to a high of 3.8% and crude oil rose from $38 to $115.So far, US 10s have risen from 0.5% to 1.32% and crude oil has gone from ~$15 (ignoring when it went negative) to $60.
- From sophiahanda:
Indian economy clocked 10.08 % growth under Congress tenure,Petrol was 71 Rs litre even though Crude oil was 109$ barrel, RG has already said he will scrap farm laws once at power at Centre & he won’t let CAA implement,So da solution 2 all da mess in da country is RG & @INCIndia
- From mantequilla70:
U.S. fossil fuel exports began to decline in 2020, before Joe Biden took office. These changes were brought about by a historic decline in the demand for — and cost of — crude oil. The COVID-19 pandemic, not the actions of any U.S. president, was the cause of those trends.
As for a news story related to Crude Oil getting some buzz:
The upswing in oil prices came as the federal government yesterday unfolded plans to stop gas flaring in the next four years….FG Sets Four-year Target to Eliminate Gas Flaring The federal government yesterday unfolded plans to stop gas flaring in the next four years….Minister of State for Petroleum, Chief Timipre Sylva, at a public hearing on “Need to End Gas Flaring in Nigeria and Harness Associated Gas in Nigeria organised by the House of Representatives Joint Committee on Gas Resources, Environment and Climate Change, said in Abuja that Nigeria would join the global community in achieving the complete elimination of gas flaring by 2025….Mutu Nicholas, stated that Nigeria loses over $750 million in annual revenue from flared gas.