Crude Oil closed higher on Tuesday and the high-range close sets the stage for a steady to higher opening on Wednesday. Prices closed nearer the session high again today, amid a weaker U.S. dollar and higher U.S. stock indexes. While serious chart damage was inflicted in January crude oil on Friday, prices this week have made a solid rebound to repair most of that damage. Still, prices have been trending lower from the mid- October high.
Join the Discussion