WTI 8/29/24

Jim RinaudoGeneral Commentary

The Oct WTI trading session had a high of 76.91, a low of 74.05 and closed at 75.91, cash price is at 74.43, while open interest came in at 304,553. Higher on the day by 1.39 (1.87%). CLV traded below its 50 day (78.45) but above its 20 day (75.44) and its 7 day (74.74) moving averages. Crude oil gained …

WTI/CLV24 – 8/28/24

Jim RinaudoGeneral Commentary

8/28/24 The Oct WTI trading session had a high of 75.95, a low of 73.82 and closed at 74.52, cash price is at 75.55, while open interest came in at 313,117.Lower on the day by -1.01 (-1.34%). CLV traded below its 50 day (77.33) and its 20 day (74.87) moving average but above its 7 day (74.38) average. I still …

Crude CLV24

Jim RinaudoCrude, General Commentary

The Oct WTI trading session had a high of 77.48 and a low of 75.4 and closed at 75.53, cash price is at 77.45, while open interest came in at 328,534. Lowering on the day by 1.89 (2.44%). CLV briefly traded above its 50 day moving average (77.4) before trading back below, CLV closed above its 20 day (74.99) and …