Crude Oil (CL1) Up $1.15 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Entered Today Up 2.82%

Crude Oil 4 Hour Price Update

Updated July 22, 2020 11:08 AM GMT (07:08 AM EST)

Crude Oil is up 2.82% ($1.15) since the last 4 hour candle, marking the 2nd candle in a row an increase has occurred. Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 3rd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Crude Oil Daily Price Recap

Crude Oil closed the day prior up 2.82% ($1.15); this denotes the 2nd day in a row it has gone up. 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 day prior. Here is a daily price chart of Crude Oil.

Crude Oil Technical Analysis

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. For additional context, note that price has gone up 8 out of the past 14 days.

Overheard on Twitter

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

  • From Mustafa68541880:

    @sahanshu @ShashiTharoor Why don’t you ask bjp to spend the money for health care purpose for which they use to buy Mla and topple govt .
    They impose high gst, crude oil is lowest but still petrol &diesel prices are high, took loans from rbi for no reason, selling government owned companies.
    Looters bjp.

  • From Pankaj66467860:

    @PiyushGoyal @RailMinIndia Wow! never ever seen such things before. One more video please in which a train is carrying thousands of passengers sitting on the roof or a train carrying milk/crude oil. Saheb, how do you do this? Is this the thing you have been appointed for? Declare #NTPCEXAMDATE

  • From MfonBassey_:

    @toluogunlesi @Saatah What @saatah is saying is that artisans in the Niger Delta are capable/willing to explore/refine crude oil and deserves similar Presidential backing as the PAGMI Does this call for plenty grammar, long write up or fact sheets? Or does this make him a bigot or idiotic?

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

New membrane could reinvent crude oil refining

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Already an ACS Member?…The membrane could separate light crude oil into two parts, one containing lighter molecular weight compounds and the other containing heavier molecules….“You’d have a portfolio of membranes that would separate different fractions.” There are several challenges ahead in developing a membrane for crude oil separation on a large scale, Lively says.