US WTI crude oil futures settle at $56.83

Of $.41 or 0.73%

The price of WTI crude oil futures are Settling the day at $56.83 per barrel. That is up $.41 or 0.73%

The high price for the day reached $57.22 while the low price extended to $56.32.

Technically, the price gapped above the 200 hour MA today (green line) at $56.24. The correction lower today, stalled ahead of the 200 hour MA. Stay above is more bullish now. Move below and the longs will likely sell (and could reverse as well).