(Last Updated March 4, 2021)
Welcome to the news page for Crude Oil (CL1). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
On CL1, there is currently an uptrend on the 90 and 30 day timeframes.
CL1’s moving averages suggest the trend on a number of time horizons is bullish.
The chart below illustrates.
At the moment, CL1’s price is down $-0.22 (-0.36%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on CL1. Given that we see an uptrend on the 20 and 10 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows CL1’s price action over the past year.
Since the beginning of that year, plains all american has filed over 120 incident reports around the country, pipeline and hazardous material safety administration data show….
Crude oil outperformed all 6 assets in the energy commodity asset class since the day prior.
The cargo amount is 2 million barrels, valued at somewhere between $120m-$130m.
On a relative basis, crude oil was the worst performer out of all 6 of the assets in the energy commodity asset class today.
They would never share their natural resources with other states especially not a muslim states.
Fg must be forced to negotiate.
Crude oil outperformed all 6 assets in the energy commodity asset class since the previous day.
Relative to other instruments in the energy commodity asset class, crude oil ranked 5th since the day prior in terms of percentage price change.
These changes were brought about by a historic decline in the demand for — and cost of — crude oil.