Crude Oil 4 Hour Price Update
Updated July 16, 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 last 4 hour candle. 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 down 2.02% ($1.48) from the open of yesterday, marking the 2nd day in a row a decline has happened. On a relative basis, Crude Oil was the worst performer out of all 6 of the assets in the energy commodity asset class today. Below is a daily price chart of Crude Oil.
Crude Oil Technical Analysis
Notably, Crude Oil is now close to its 20 day averages, located at 73.27 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 additional context, note that price has gone up 18 out of the past 30 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 DrMkhize4:
SAPREF (SA’s largest crude oil supplier), supplying about 35% of SA fuel is shutting down due to unrest. My tank says I can only drive for 1km.😭. All fuel garages Empangeni are closed. The one on the N2 has run out of fuel. I’m running out of food, stores were looted🙄
- From purnamadaya:
@Jim_Jordan @GOP’s America, enabling crude oil and gas executives to pay no taxes, destabilizing our economy, sending us into a near collapse into depression, then turning their backs on the American people leaving @JoeBiden to have to clean up after them as usual.
- From moneyacademyKE:
Petrol Prices will from midnight increase to the highest level in Kenya’s history by Shs 3 to Kshs 130 unless the state subsidizes crude oil prices.— Business Daily