WTI crude all future settle at $79.49 | Forexlive

The price of WTI crude futures are settling at $79.49 a barrel. That’s down $1.88 or 2.31%. The low price today came in around $79.05. The high price was at $82.43. At the high, the price tested the low of a swing area on the daily chart between a $82.43 and $83.44.

An earlier video look at Crude oil, can be watched below.

The price moved lower despite a record drawdown in weekly inventories

• crude oil, drawdown of -17049K vs -1367K estimate
• gasoline, build of +1480K vs -1300K estimate

The private data did show a large drawdown yesterday of -15400K and a drawdown of -1680K