US crude oil futures settle at $52.77

Of $0.50 or 0.96%
The high price reached $52.88. The low price extended to $51.82.
Looking at the hourly chart above, the price high for the day tested the converge 100 and 200 hour moving averages near $52.80. The high price extended to $52.88 before rotating marginally to the downside. A move above both those moving averages