Crude Oil 4 Hour Price Update
Updated January 13, 2021 01:53 AM GMT (09:53 PM EST)
Crude Oil entered the current 4 hour candle at $46.6, 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 closed yesterday up 1.84% ($0.96); this denotes the 6th day in a row it has gone up. Relative to other instruments in the energy commodity asset class, Crude Oil ranked 2nd since yesterday in terms of percentage price change. The daily price chart of Crude Oil below illustrates.
Crude Oil Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Crude Oil’s price has gone up 11 them.
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 BGDNbusiness:
At $2.31 per gal., AAA reports, the national gas price avg. is at its highest in 10 months. Today’s avg. is 6 cents more than last week and 16 cents more than a month ago. Rise attributed to tightening supply and rising crude oil prices, which are outweighing decreasing demand.
- From BlacklionCTA:
EIA Out with the 2019 Oil and Nat Gas Proved Reserves
– Crude Oil Proved Reserves +367MM, but condensate (the dividing line getting blurry IMO) -310MM for net +54MM Bbls
– NatGas -9.6Tcf owing to 21.% decrease at Henry Hub, we still have the gas, the economics less attractive
- From ira_joseph:
@Florian_Forster @AmyJaffeenergy. China is a major energy producer and it’s good that the world is waking up to this reality because competition needs to emerge for additional innovation to thrive. The manufacturing of power generation infrastructure is the crude oil production of the next wave.
As for a news story related to Crude Oil getting some buzz:
No results matched your search By Yasin Ebrahim Investing.com – Crude oil prices jumped to pre-pandemic 11-month highs on Tuesday as investors bet the pandemic’s grip on energy demand is coming to an end as the rollout of vaccines and stimulus will keep rebalancing on track….By Yasin Ebrahim
Investing.com – U.S. oil stockpiles fell last week, adding to expectations that crude demand will likely remain resilient as the vaccine rollout continues.