Around The Barrel – Crude Stocks at Cushing Lowest Since Jan 2020

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  • #26552
    TradersCom
    Keymaster

    WTI Oil futures had a violent trading week…

    [article]2555[/article]

    #26568
    ThePitBoss
    Participant

    Front Month ICE Brent Crude for Sept. delivery gained $1.56 per barrel, or 2.16% to $73.79 today

    –Up for three consecutive sessions
    –Up $5.17 or 7.53% over the last three sessions
    –Largest three day dollar and percentage gain since Friday, March 5, 2021
    –Up four of the past five sessions
    –Highest settlement value since Wednesday, July 14, 2021
    –Off 4.37% from its 52-week high of $77.16 hit Monday, July 5, 2021
    –Up 96.98% from its 52-week low of $37.46 hit Friday, Oct. 30, 2020
    –Rose 70.38% from 52 weeks ago
    –Off 4.37% from its 2021 settlement high of $77.16 hit Monday, July 5, 2021
    –Up 44.43% from its 2021 settlement low of $51.09 hit Monday, Jan. 4, 2021
    –Off 49.49% from its record high of $146.08 hit Thursday, July 3, 2008
    –Month-to-date it is down 1.78%
    –Year-to-date it is up $21.99 or 42.45%

    All prices are calculated based on the settlement price of the current front month contract.

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