Down -$0.64 or 1.21% on the day

The US crude oil futures are settling the day at $52.37, down -0.64 or 1.21% on the day.

For the week, the contract settled at around $53.80 last week. The high was on Monday at $53.83. The low was on reached $50.71 on Tuesday. The midpoint of that range is $52.27 - about where the week is settling. The 100 and 200 hour MAs are at $52.56 and $52.75 - also not far from the current price.

The key commodity has been stuck between $50 and $55 since December 8th. The closing level of $52.37 is not too far from that ranges midpoint either. We are at the happy, neutral area I guess.