Technical Analysis

Crude oil futures settle at $52.57

Down $1.23 or -2.29%

The value of crude oil futures tumbled $1.23 or -2.29% to $52.57. IMF downgrading 2019 world development, US oil manufacturing hitting a report 11.9 bpd, slowdown in China, Saudi not capable of minimize manufacturing sufficient to stability markets are tales driving the worth decrease. 

The  excessive at this time reached $54.24. The low prolonged to $51.80. At the moment is the final buying and selling day for the February contract.  The March contract will take over tomorrow.  The March contract trades at a premium to the February contract. The contract is buying and selling at $52.92 presently

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