Crude oil futures are settling up $0.30 and $70.70. The low for the day reached $69.80. The high was at $70.88. The low price was the lowest level going back to December 27.
The price remains comfortably below its 200-hour moving average at $71.48 and its 100 hour moving average of $71.65. Getting back above those levels be needed to increase the bullish bias.
This article was written by Greg Michalowski at www.forexlive.com.
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