Crude oil settles at $65.11

Crude oil futures is settling at $65.11. That is down $0.41 or -0.63%.

Looking at the hourly chart, the price has been trading in a consolidated range since July 24 below the 50% midpoint of the move up from the May low at $66.33. On the downside the low price has been around $64 since that same date. The price is also closing just below the 100 hour moving average at $65.24.

This article was written by Greg Michalowski at www.forexlive.com.