Crude oil surges, settling at $71.58, marking a 3.04% increase ...Middle East

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The price of WTI crude oil futures are settling at $71.58. That's up $2.11 or 3.04%.The high price for the week reached $72.46. The low price was at $69.54. At the highest level today, the price did extend briefly above the November low at $72.37, but momentum could not be sustained. Going forward you would take a move above that level - and staying above that level - to increase the bullish bias. This article was written by Greg Michalowski at www.forexlive.com.

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