Oil Finishes Choppy Session Higher

Jim RinaudoGeneral Commentary

The May WTI (CLK25) contract settled at 69.92 (+0.27) [+0.39%], high of 69.97, low of 69.12. Spot price is 69.65 (+0.62), open interest for CLK25 is 331,359. CLK25 settled above its 5 day (69.18), above its 20 day (67.55), below its 50 day (70.10), above its 100 day (69.71), below its 200 day (70.50) and below its year-to date (70.52) …

U.S. Crude Inventory Decline Bolsters Oil Prices

Jim RinaudoGeneral Commentary

The May WTI (CLK25) contract settled at 69.65 (+0.65) [+0.94%], high of 70.22, low of 69.06. Spot price is 69.03 (-0.09), open interest for CLK25 is 327,621. CLK25 settled above its 5 day (68.87), above its 20 day (67.56), below its 50 day (70.19), below its 100 day (69.69), below its 200 day (70.51) and below its year-to date (70.54) …

API Reports Big U.S. Petroleum Inventory Draws

Jim RinaudoGeneral Commentary

The May WTI (CLK25) contract settled at 69.00 (-0.11) [-0.16%], high of 69.68, low of 68.52. Spot price is 69.12 (+0.85), open interest for CLK25 is 331,185. CLK25 settled above its 5 day (68.27), above its 20 day (67.48), below its 50 day (70.29), below its 100 day (69.66), below its 200 day (70.52) and below its year-to date (70.55) …

Crude Oil Posts Second Consecutive Week of Gains

Jim RinaudoGeneral Commentary

The May WTI (CLK25) contract settled at 68.28 (+0.21) [+0.31%], high of 68.65, low of 66.63. Spot price is 68.08 (+0.95), open interest for CLK25 is 321,089. CLK25 settled above its 5 day (67.24), above its 20 day (67.64), below its 50 day (70.54), below its 100 day (69.63), below its 200 day (70.55) and below its year-to date (70.65) …

Oil Prices Gain Off New Iranian Sanctions

Jim RinaudoGeneral Commentary

The May WTI (CLK25) trading session settled at 68.07 (+1.16) [+1.73%], a high of 68.41, a low of 66.63. Cash price is at 67.13 (+0.26), while open interest for CLK25 is 321,089. CLK25 settled above its 5 day (67.09) , below its 20 day (68.13), below its 50 day (70.74), below its 100 day (69.67), below its 200 day (70.60) …

Oil Gains as EIA Data Reveals Significant API Discrepancy

Jim RinaudoGeneral Commentary

The May WTI (CLK25) trading session settled at 66.91 (+0.16) [+0.24%], a high of 67.43, a low of 66.09. Cash price is at 66.87 (-0.72), while open interest for CLK25 is 314,463. CLK25 settled above its 5 day (66.86) , below its 20 day (67.85), below its 50 day (70.62), below its 100 day (69.63), below its 200 day (70.57) …

Crude Oil Ends The Week With Price Gains

Jim RinaudoGeneral Commentary

The April WTI (CLJ25) trading session settled at 67.18 (+0.63) [+0.95%], a high of 67.48, a low of 66.59. Cash price is at 66.56 (-1.15), while open interest for CLJ25 is 134,432. CLJ25 settled above its 5 day (66.74), below its 20 day (68.80), below its 50 day (71.40), below its 100 day (70.04), below its 200 day (70.99) and …