Crude oil futures are settling at $86.21. That's up $0.98 or 1.15% on the day.The high price for the day has reached $86.32. The low price was at $84.58. The price is settling near the high for the day.Looking at the hourly chart, the low price extended just below the swing low from April 4 at $84.61 before bouncing higher. The last surge is also taking the price back above its 100 hour moving average at $86.07. Staying above that moving average would be more bullish from a technical perspective.The weekly inventory data was released earlier todayCrude oil showed a build up +5841K versus 2366K expectedGasoline +715K vs -1320K expectedDistillates +1659K vs -1153K expectedProduction 13.1 mbpd
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