Crude oil settled at $60.48, up $0.33 or 0.55%. The to the upside was helped by a much larger drawdown in crude, distillates and gasoline stockpiles this week. High price reached $61.02. The low price was at $59.70 the price high remains below the 100 hour MA at $61.13. There is a swing area between $61.45 and $61.94 that would also need to be broken to increase the buyers control.
This article was written by Greg Michalowski at investinglive.com.
