WTI crude oil futures settle higher by $0.54 or 0.97%

The price of WTI crude oil futures are settling at $56.22. That's up $0.54 or 0.97% on the day.

The high price reached $56.58 while the low extended to $55.30.

Looking at the hourly chart, the contracts trades between channel trendlines. The topside trend line cuts across at $57.40. The lower trend line is at $55.50



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