WTI crude oil futures settle at $81.64 | Forexlive

The price of WTI crude oil futures for February is settling up $0.98 or 1.22% at $81.31. The high price reached $81.91. Low price was at $79.91.

For the March contract it is settling at $81.64 up $1.03

For the trading week, the price is up 2.18%

The 100 day moving average for crude oil is currently at $82.46. The level will be a key target on the top side to get through if the buyers are to take more control.

The Baker Hughes rig count released earlier today showed:

• Total rigs down to four at 771.
• Oil rigs -10 at 613
• natural gas rigs up to six at 156