Crude oil prices are up around 3% today
The price of WTI crude futures are currently trading at $67.47. That’s up to dollars or +3.01%. The high price reached $67.63 today. The low price was down at $65.44.
The move to the upside is the second consecutive sharp rise. Recall from yesterday the price low came in at $61.76. That was just above the May lows of $61.58. The price moved to a high of $65.97 yesterday before backing off into the close (modestly).
Looking at the daily chart, the price is now approaching its 100 day moving average. That currently comes in at $67.96. A move back above that moving average would be more bullish from a technical perspective.