US crude oil futures settle at $72.99

US crude futures settle at $72.99. That’s down $0.87 or -1.18%. The high for the day reached $74.15. The low was at $72.67. Looking at the daily chart, the price high did extend above its 100-day moving average at $73.78, but could not sustain momentum. Closing back below the 100 day moving average tilts the blast back to the downside.

This article was written by Greg Michalowski at Source