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WTI crude oil futures settle at $61.04


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Down $0.62 or -1.01%

The price of WTI crude oil futures are settling the day at $61.12, down -$0.62 or -1.01%. The low today reached $60.64. The high extended to $63.33.  

The weekend news that two Saudi oil tankers were damaged in the Persian Gulf on Sunday helped to send the price higher.   Mike Pompeo calmed fears by saying supplies have not been hurt by the Iran sanctions.
Technically, the price high today stalled at the 50% of the move down from the April 23rd high at $63.32 (the high reached $63.33) The low today stalled at the May 7th low. 
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