Technical Analysis

US energy Hockstein: Oil prices are bit higher than they should be

US energy Hochstein:

  • oil prices are bit higher than they should be
  • will be opportunistic on SPR
  • look to immediately repurchase when prices are in a $70 per barrel range

Do think it’s a good time to tell the market what price you’re looking to buy? T him himhe price of crude oil reached the lowest level since the beginning of the year yesterday at $75.27.

The current prices trading back up $81.47. Looking at the hourly chart, the price high today reached $81.74. The falling 100 hour moving averages at $81.79.

WTI crude oil

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