Price closes near its high for the day

The price of WTI crude oil futures settle at $66.05. That is up $2.47 or 3.88%. The high price today reached $66.14 – just ahead of the current level. The low traded down at $63.63.

Technically, the price has been trending to the upside were most the day after a corrective move tested the 50% retracement $64.26. The price is also moving away from its 200 hour moving average which currently comes in at $64.52.

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