Crude Oil (CL1) Up $0.23 in Last 4 Hours; Entered Today Up 0.56%

Crude Oil 4 Hour Price Update

Updated July 30, 2020 03:07 AM GMT (11:07 PM EST)

41.27 was the closing price of the four-hour candle for Crude Oil, resulting in the current 4 hour candle being one in which price moved up 0.56% ($0.23) from 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. Relative to other instruments in the energy commodity asset class, Crude Oil ranked 4th since the previous day in terms of percentage price change. The daily price chart of Crude Oil below illustrates.

CL1

Crude Oil Technical Analysis

The first thing we should note is that 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. 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 14 days Crude Oil’s price has gone up 8 them.

Overheard on Twitter

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

  • 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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