US crude oil futures settle at $73.44

<p>The price of crude oil futures are settling at $73.44 up $0.97 or 1.34%. </p><p>The high price today reached $74.44, while the low price was at $72.14.</p><p>Looking at the daily chart, the low was near the low price from November bear $72.22. FInding support buyers near that level gives the buyers some short-term control. Having said that, getting and staying above the 200 day MA at $77.71 is needed to increase the bulls control on the daily chart. </p><p>The closing level at the end of 2022 was near $80.42. </p>

This article was written by Greg Michalowski at www.forexlive.com.