December 4, 2022

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WTI crude oil futures settle at $62.32.

1 min read

Down $1.37 or 2.15%

The price of WTI crude oil futures are selling at $62.32. That’s down $1.37 or 2.15%.

Down $1.37 or 2.15%_

The price has since moved down to test the $62 level.

The move lower was the seventh consecutive day with lower levels. Over that time, the price has moved -10.87%. The next target comes in at the May 21 low at $61.58. Below that is the 200 hour moving average at $60.66 and the 38.2% retracement of the move up from the November 2020 low. That level comes in at $60.42.

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