Crude Oil (CL1) Down $0.15 Over Past 4 Hours, Tops All energy commodity; Started Today Up 0.97%

Crude Oil 4 Hour Price Update

Updated May 28, 2021 01:53 AM GMT (09:53 PM EST)

The back and forth price flow continues for Crude Oil, which started the current 4 hour candle off at 46.6 US dollars, 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 up 0.97% ($0.64) from the open of the previous day, marking the 5th consecutive day it has gone up. Crude Oil outperformed all 6 assets in the energy commodity asset class since the previous day. Congrats to its holders! The daily price chart of Crude Oil below illustrates.

CL1

Crude Oil Technical Analysis

Coming into today the current price of Crude Oil is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 19 of the previous 30 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Crude Oil:

  • From BAMinvestor:

    Throughout this entire week, the Apes have been decimating the people coming at me. First the fellow Ape who called me a shill, then the NYU professor, then the guy that lied about my Crude Oil Model results (he is my #1 Model) White-hat APES, should I turn you loose?

  • From ndokizone:

    Breaking News:
    If Fulanis can pipe crude oil from South to the north just to steal funds/loots; what stops them from PIPING WATER TO THE DESERT to plant grasses for their cows & help their brothers if really they care?
    Fulani cannot intimidate any Igbo man to succumb, imposible

  • From Samir_Madani:

    @Joyce_Karam Joyce, if you’re implying that these “mysterious incidents” are security breaches, then I can stop you right there. A petchem plant or refinery burning only means that Iran ends up having more crude oil to export, which they’ll gladly do.It’s hot right now and plants are old.

For a longer news piece related to CL1 that’s been generating discussion, check out:

First crude oil production from marginal fields may begin by 2022 – DPR – Daily Nigerian

The director said some of the indigenous companies that emerged from previous marginal oilfield bid rounds were today competing with international oil companies, which was very good for the nation….Mr Auwalu noted that transparency and accountability were critical to sustaining the industry and assured NEITI of the DPR’s support towards its mandate.