Down $0.33 or 0.70%
Crude oil futures are settling the day at $46.79/BBL, down -$0.33 or -0.70%.
The high reached $47.55.
The low reached $46.66.
The $47.09 is the 38.2% of the move up from the Jan 2017 high. The price closed within a few cents of the level yesterday. Today, the price moved above and below, but the late selling has pushed it back to bearish side. The upside remains tough for crude oil, as increases US production is thought to ultimately increase the supply, and depress prices.
