Яндекс.Метрика US crude oil futures call it a week. Settle at $50.42. Down -7.71% today. ⋆ Technologies of the future for life!
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US crude oil futures call it a week. Settle at $50.42. Down -7.71% today.


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Big down week for crude

Crude oil futures are settled for the week, and it was a bearish one.
The price is settling at $50.42. That is down $4.21 or 7.71%.
A headline story from the WSJ that Saudis and OPEC quietly mulling clandestine oil output cut did little to push the price higher.  
The price last Friday closed at $56.46.  The settlement today is below the 50% retracement of the move up February 2016 low. That level comes in at $51.47 and is the close risk for the pair now. 

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