Crude Oil (CL1) Down $0.06 Over Past 4 Hours, 2 Day Up Streak Snapped; in an Uptrend Over Past 30 Days

Crude Oil 4 Hour Price Update

Updated July 23, 2020 11:08 AM GMT (07:08 AM EST)

41.9 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 down 0.14% ($0.06) from the last 4 hour candle. Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 5th for the four-hour candle in terms of price change relative to the last 4 hour candle.

Crude Oil Daily Price Recap

The back and forth price flow continues for Crude Oil, which started today off at 41.9 US dollars, down 0.14% ($0.06) from the previous day. Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 5th for the day in terms of price change relative to the previous day. 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 16 out of the past 30 days.

Overheard on Twitter

Behold! Here are the top tweets related to 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 jupoce:

    granted resource control of gold to some States.That is why all Niger Delta/South East States has to demand control of their crude oil and other mineral resources.Buhari’s agenda in Nigeria is only to empower the north at the detriment of the South and that is why I feel bad

  • 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?

In terms of news links for Crude Oil here’s one to try:

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.