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Crude Oil Futures Drops By 3% In The Last 5 Sessions

Crude Oil Futures Drops By 3% In The Last 5 Sessions
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(VIANEWS) - Crude Oil (CL) has been up by 3.01% for the last 5 sessions. At 11:53 EST on Friday, 24 May, Crude Oil (CL) is $77.54.

Volume

Today's last reported volume for Crude Oil is 196063, 99.99% below its average volume of 12721359404.09.

Volatility

Crude Oil's last week, last month's, and last quarter's current intraday variation average was 0.83%, 0.47%, and 1.51%, respectively.

Crude Oil's highest amplitude of average volatility was 1.44% (last week), 1.39% (last month), and 1.51% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Crude Oil's commodity is considered to be overbought (>=80).

Previous days news about Crude Oil (CL)

  • Crude oil recedes further, WTI falls below $78 on rising supplies and cautious FOMC. According to FXStreet on Wednesday, 22 May, "West Texas Intermediate (WTI) US Crude Oil declined for a third straight day on Wednesday, falling below $78.00 per barrel once again after US Crude Oil barrel counts rose week-on-week after a previous decline. ", "WTI US Crude Oil is testing down into $77.00 per barrel, extending a near-term decline from a recent peak just above $80.00 per barrel. "
  • Crude oil backslides into the red on Thursday, WTI falls below $77 as diminishing rate cut hopes weigh. According to FXStreet on Thursday, 23 May, "US Crude Oil has fallen to its lowest bids in over a week, knocking into $76.50 after backsliding through the $77.00 handle.", "EIA Crude Oil Stocks change also climbed over the same weekly period, adding 1.825 million barrels and snubbing the forecast -3.1 million drawdown. "

More news about Crude Oil (CL).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.