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Crude Oil Futures - May 15 (CLK5)

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55.99 -0.72    (-1.27%)
17/04 - Closed. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Barrel

  • Prev. Close: 56.71
  • Open: 56.53
  • Day's Range: 55.31 - 56.87
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Crude Oil 55.99 -0.72 (-1.27%)
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Latest Crude Oil Comments

Griff Hutcherson
Griff Hutcherson Apr 18, 2015 07:13PM GMT
Much comparison has been made between the 2008/2009 oil price collapse and recovery and the ongoing 2014/2015 one. Though the two events are of course independent and differ in detail, a big picture comparison of the two has some striking similarities. On February 19, 2009, the closing price was $35.30. Over the next 22 trading days, the price moved from $34.66 to close at $53.80 on March 26. For the next 25 trading days the price see-sawed between $54 and $48. Starting April 29, 2009, the price began a slow and nearly uninterrupted ascent to $70 per barrel, where it hit resistance on June 12, 2009. Our recent double bottom of $42.34 was hit at close March 17, 2014. The recent high of $57.38 was hit 22 trading days later. For the sake of argument, let's assume that this recovery will be similar to the last one. If that is the case, the most likely possibility I see is that oil will drop this week and then begin a steady climb to $70. Thoughts?

Estvon Revo
Estvon Revo Apr 18, 2015 05:49PM GMT
Crude will hit 60 Monday / Friday.
John Smith 2
John Smith 2 Apr 18, 2015 06:17PM GMT
Its possible if imports wont get much higher than last week.

Mona Ghosh
Mona Ghosh Apr 18, 2015 05:34PM GMT
Daytrader @ profit Maker are mad
Sahil Sahdev
Sahil Sahdev Apr 18, 2015 06:09PM GMT
he is right but just oil is not moving according to his wish ... may be in next month is will acheive his targets minus the yemen effect .
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