The price of crude oil futures are settling at $67.68. That is up $1.43 or 2.16%. The price today has reached the highest level since March 7.
Looking at the hourly chart, the price is settling above its 200 hour moving average at $67.45. That’s the first move above the 200 hour moving average since February 21. The price has been trending down from the January high at $80.77 to the low price reached in March at $65.22.
This article was written by Greg Michalowski at www.forexlive.com.
