() () () () () () () () () () () () () () () () () () () () () ()

WTI crude oil futures for September settle at $77.07

July 21, 2023 by admin 0 Comments

Products You May Like

The price of WTI crude oil futures is settling near the high for the day at $77.07. That’s up $1.42 or 1.88%. The low for the day was at $75.69.

The closing level is just below the 200-day moving average at $77.18. Recall from last week the price tested that level and rotated back down toward the 100-day moving average currently at $73.68 on Monday and Tuesday of this week. The low price for the week reached $73.82.

For the trading week, the price rose 2.20%.

Crude oil settles near 200 week MA

According to the latest Baker Hughes Weekly Rig Count, the number of oil rigs has fallen by 7 to 530, and the number of natural gas rigs has dipped by 2 to 131, making the total count decline to 666.

This article was originally published by Forexlive.com. Read the original article here.