Presidents Clash, Prime Minister Resigns, Saudi Arabia Hikes Prices, and the Weather Remains Cold – Crude Oil

Jim RinaudoGeneral Commentary

The February WTI (CLG25) trading session settled at 73.56 (-0.40) [-0.54%], a high of 74.99, a low of 73.20. Cash price is at 73.94 (+0.84), while open interest for CLG25 is at 310,913. CLG25 settled above its 5 day (72.66), above its 20 day (70.27), above its 50 day (69.41), above its 100 day (69.67), above its 200 day (72.65) …

Crude Oil Futures Break Through 200 Day Moving Average

Jim RinaudoGeneral Commentary

The February WTI (CLG25) trading session settled at 73.13 (+1.41) [+1.97%], a high of 73.73, a low of 71.79. Cash price is at 71.74 (+0.71), while open interest for CLG25 is at 340,630. CLG25 settled above its 5 day (71.23), above its 20 day (69.71), above its 50 day (69.28), above its 100 day (69.69) and above its 200 day …

Crude Oil’s Bullish Momentum Continues – WTI 12/30/24

Jim RinaudoGeneral Commentary

The February WTI (CLG25) trading session settled at 70.99 (+0.39) [+0.55%], a high of 71.56, a low of 70.12. Cash price is at 70.59 (+0.91), while open interest for CLG25 is at 340,806. CLG25 settled above its 5 day (69.55), above its 20 day (68.92), above its 50 day (69.10), above its 100 day (69.72), below its 200 day (72.77) …

Weekly Inventory Data Sends Crude Higher – Crude Oil

Jim RinaudoGeneral Commentary

The February WTI (CLG25) trading session settled at 70.02 (+0.37) [+0.53%], a high of 70.80, a low of 69.39. Cash price is at 70.05 (-0.73), while open interest for CLG25 is at 332,289. CLG25 settled below its 5 day (70.15), above its 20 day (68.98), above its 50 day (69.34), below its 100 day (69.84), below its 200 day (72.83) …

Fresh Chinese Data Disappoints Oil Bulls – WTI Crude Oil

Jim RinaudoGeneral Commentary

The February WTI (CLG25) trading session settled at 70.29 (-0.53) [-0.75%], a high of 71, a low of 69.98. Cash price is at 71.29 (+1.29), while open interest for CLG25 is at 313,766. CLG25 settled above its 5 day (69.76), above its 20 day (68.88), above its 50 day (69.48), above its 100 day (69.91), below its 200 day (72.85) …

IEA Predicts Global Oil Glut Even With OPEC+ Delay – Crude Oil

Jim RinaudoGeneral Commentary

The February WTI (CLG25) trading session settled at 69.66 (-0.21) [-0.30%], a high of 70.27, a low of 68.74. Cash price is at 70.32 (+1.72), while open interest for CLG25 is at 262,100. CLG25 settled above its 5 day (68.60), above its 20 day (68.58), above its 50 day (69.56), below its 100 day (69.98), below its 200 day (72.87) …

Crude Trades Relatively Unchanged – WTI Crude Oil

Jim RinaudoGeneral Commentary

The January WTI (CLF25) trading session settled at 68.59 (+0.22) [+0.32%], a high of 69.06, a low of 67.72. Cash price is at 68.40 (+1.20), while open interest for CLF25 is at 246,400. CLF25 settled above its 5 day (68.20), below its 20 day (68.68), below its 50 day (69.86), below its 100 day (70.41), below its 200 day (73.35) and below …