Home Latest Crude oil closes a week with solid gains

Crude oil closes a week with solid gains

Forex, video, latest March 6, 2021 3:01 am

WTI crude oil settles at $66.09

a price of WTI crude oil futures closed a week at $66.09.  That is up $2.26 for 3.54%. a high for a day reach $66.40. a low for a day reached $63.82.

WTI crude oil settles at $66.09

Looking at a daily charts, a high price extended above a high from January 2020 (on a continuous active contract chart) at $65.65, but stalled just ahead of a 2019 high price at $66.60.. Getting above a 2019 high is needed to solicit more buying. Having said that there is awesome reason for traders to lean against a level as risk can become defined also limited.

Read More :  OPEC JTT meeting forecasts lower demand

For a trading week, a price closed at $62.50 last Friday. a low for a week reach $59.43 on Tuesday, also was pushed sharply higher on Thursday after Saudi Arabia agreed to maintain their production cuts until a end of April. a momentum to a upside was continued today to a cycle high of $66.40. a gain for a week was 5.77%.

Read More :  Australia - Westpac Consumer Confidence Index for March: +2.6% m/m (prior +1.9%)

Watch This Video :