The price of WTI crude oil is settling at $64.15. That is up $0.90 or 1.42%. The high price today reached $64.23. The low price was at $62.95. The settle prices near the high for the day.
Earlier today, the price fell below its 200-hour moving average for the 1st time since August 21. Helping the upside was a larger than expected drawdown of 2.4 million barrels (expectations at -1.863 million). Last week, the drawdown was a larger 6.014 million barrels. Gasoline inventories also fell by -1.236 million.
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