The worth of WTI crude oil is again down towards the $78 stage after working as much as $79.88 earlier at present. The transfer larger did take the worth above its 100 hour shifting common at the moment at $79.19.
However, momentum couldn’t be sustained, and after breaking again under the shifting common stage, patrons turned to sellers. On November 22 and November 23, the worth additionally moved above the 100 hour shifting common solely to rotate again to the draw back shortly thereafter.
Sellers stay in management.