Crude Oil (CL1) Up $0.23 On 4 Hour Chart; Started Today Up 0.56%

Crude Oil 4 Hour Price Update

Updated July 30, 2020 11:07 PM GMT (07:07 PM EST)

The choppiness in the recent four-hour candle price action of Crude Oil continues; to start the current 4 hour candle, it came in at a price of 41.27 US dollars, up 0.56% ($0.23) since the previous 4 hours. Relative to other instruments in the energy commodity asset class, Crude Oil ranked 4th since the previous 4 hours in terms of percentage price change.

Crude Oil Daily Price Recap

The back and forth price flow continues for Crude Oil, which started today off at 41.27 US dollars, up 0.56% ($0.23) from the previous day. Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 4th for the day in terms of price change relative to the previous day. The daily price chart of Crude Oil below illustrates.

CL1

Crude Oil Technical Analysis

Notably, Crude Oil is now close to its 20 day averages, located at 40.83 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Crude Oil’s price has gone up 16 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 jacksonpbn:

    I hear Sahara Energy is going to Court because I said them and, AA Rano Oil Sold Stolen $2.5billion Crude Oil in China, Shared proceed. I would say it one million times over. I don’t know why they like wasting time and money suing in Nigeria. They should come sue in U.S. Ndi Ara!

  • From the_hindu:

    “Given that the international price of crude oil has fallen by approximate 9% over the last week, the Government is doing nothing short of profiteering off its people – when they are down and out,” Sonia Gandhi in a letter to PM Narendra Modi over taxes on fuel- via @fewcan

  • From HasibaAmin:

    International price of crude oil has fallen by approx 9% over the last week (after a collapse of crude oil prices over the last few months), the Govt is doing nothing short of profiteering off its people – when they are down and out: Smt Sonia Gandhi to PM
    #ModiStopLootingIndia

As for a news story related to Crude Oil getting some buzz:

‘This Is Why We Continue to Fight’: Indigenous Leaders Outraged as Trans Mountain Pipeline Spills 50,000 Gallons of Crude Oil | Common Dreams News

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