Oil rigs -6 at 546Nat Gas unchanged at 130 Total rigs -5 at 682WTI crude oil is trading down -$0.70 or -0.99% at $68.84. The low for the day extended
- Oil rigs -6 at 546
- Nat Gas unchanged at 130
- Total rigs -5 at 682
WTI crude oil is trading down -$0.70 or -0.99% at $68.84. The low for the day extended all the way down to $67.35. At the lows for the week, the price tested its 200-week moving average at $67.38 (see green line in the chart below).
WTI crude oil tests is 200 week moving average this week
The high for the day reached $69.65. For the trading week crude oil is down 4.27%. That’s the largest decline since May 1, 2023.
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