Crude oil settles at $64.15 | investingLive

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. The price is settling above its 100-hour moving average at $63.74. 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.