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breaking news WTI crude oil futures are at $66.74. This week’s fall is the largest since April 2020

The high price extended up to $69.83. The low price traded at a new low dating back to December 2021 at $65.38. On Wednesday, the low price reached $65.65. Yesterday low price lows just above this level at $65.71.

For the trading week, the price of Crude Oil is down -13.30% or -$10.20. This is the largest one-week decline since April 2020. The settlement price was just above the 200-week moving average at $66.14. Next week, the 200-week MA will be a key barometer for buyers and sellers. Staying above the MA level is more bullish. Moving below will be more bearish.


Crude oil futures close just above its 200-week MA


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