WTI crude oil futures settle at $78.47

The WTI crude oil futures price stands at $78.47. That’s up $1.33 or 1.78%. Yesterday the price settled at $77.14.

The low price reached $77.08 today. The high price extended up to $78.57.

Looking at the hourly chart, the price has moved back above the 200 hourly moving average. The moving average is currently at $77.14. The next target is $79.15, where the 38.2% retracement of the move lower from the November high to the December low.

Crude oil price moves back above the 200 hourly MA


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