Crude oil futures settle at $78.26

Crude oil futures stand at $78.26. This is down -1.0% or -1.26%

The price stabilizes near the lows of the day. The day’s low reached $78.23. We left for the day at $79.93.

For the trading week, the price increased by $0.40 or 0.52%.

Looking at the daily chart, today’s price action traded closely between the 200-day moving average above $80.03 (high was $79.93) and the average moving 100 days below. $78.33 (the day’s low was just below this level at $78.23).