{"id":3095478,"date":"2024-02-02T15:02:47","date_gmt":"2024-02-02T20:02:47","guid":{"rendered":"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/plato-data\/crude-oil-settles-at-72-28-forexlive\/"},"modified":"2024-02-02T15:02:47","modified_gmt":"2024-02-02T20:02:47","slug":"crude-oil-settles-at-72-28-forexlive","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/crude-oil-settles-at-72-28-forexlive\/","title":{"rendered":"Crude oil settles at $72.28. | Forexlive"},"content":{"rendered":"
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The price of crude oil isn’t selling at $72.28. That’s down $-1.54 or -2.09%. The low for the day was at $71.79. The high for the day was at $74.52. <\/p>\n

The price decline comes despite the stronger-than-expected US jobs report and other reports that Biden has decided on a counterattack plan in retaliation for the killing of US servicemen. In addition, remember the talk of a truce yesterday? Some of those hopes have been dashed.<\/p>\n

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Crude oil is down sharply but stalled near its 200 week MA<\/p>\n<\/figcaption><\/figure>\n

Despite all those reasons, the price of oil remains under pressure in trading today.<\/p>\n

For the trading week, the price is down -7.63%. The closing level last week was up at $78.01.<\/p>\n

The high price this week reached $79.29, while the low price was reached today at $71.79. Of interest technically on the weekly chart is that the 200-week moving average comes in at $71.77. The low today (and this week) was just below the low price for the day and for the week. That MA will be a key barometer for buyers and sellers in the new trading week ahead (bullish above\/bearish below). <\/p>\n