Technical Analysis

Crude oil settles the week at $88.96

WTI crude oil) on the day but lower for the week

For the trading week, the price a week closed on Friday at $92.44. The price is down -3.75% on the week and was the first decline after two weeks of gains of 3.7% and 4.71% over those weeks.

Fundamentally, the price of oil was supported by hopes of further easing of Covid restrictions in China.

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