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.