Crude oil settles at $78.26 ...Middle East

The WTI crude oil futures are settling at $78.26. That's up $1.09 or 1.41%. The low price reached $76.26. The high price was at $78.49. Technically the price moved back above its 200 day moving average at $78.45 intraday after trading below it for the 1st time since July 24 last week. The price has now settled below that moving average for 5 consecutive days. It would require moving and staying above the 200-day moving average to give the buyers some hope.. This article was written by Greg Michalowski at www.forexlive.com.

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