WTI crude oil settles at $79.86

The price of WTI crude oil is formed at $79.86. That’s $1. 7, or 1.88 percent more. The high of the day is not far from the selling price of $39.89. The lowest price was $77.97. Trading Week 8.15% prices closed last week at $73.77. This is the biggest gain for the trading week that started on October 3, 2022. The price has risen for seven days in a row. Looking at the daily chart above, the uptrend is causing the price to test the downtrend line. On a move above this level, traders will start targeting the $81 level, followed by the next 100-day moving average of $82.98. It is near the December high of $82.72.