{"id":432668,"date":"2026-06-25T01:50:57","date_gmt":"2026-06-24T18:50:57","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-futures-settle-at-70-34-stays-below-the-200-day-ma-432668\/"},"modified":"2026-06-25T01:50:57","modified_gmt":"2026-06-24T18:50:57","slug":"crude-oil-futures-settle-at-70-34-stays-below-the-200-day-ma","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-futures-settle-at-70-34-stays-below-the-200-day-ma-432668\/","title":{"rendered":"Crude oil futures settle at $70.34. Stays below the 200 day MA."},"content":{"rendered":"<div>\n<p data-start=\"0\" data-end=\"234\" class=\"PDq2pG_selectionAnchorContainer\">Crude oil futures are settling down 3.92% at $70.34, extending the recent slide in prices. During the session, crude fell below the $70.00 level for the first time since the start of the Iran war, reaching a low of $69.63.<\/p>\n<p data-start=\"236\" data-end=\"252\">For perspective:<\/p>\n<ul data-start=\"254\" data-end=\"519\">\n<li data-section-id=\"2ul18\" data-start=\"254\" data-end=\"348\">\nThe gap low from March 2, following the weekend start of the war, came in at $69.20.\n<\/li>\n<li data-section-id=\"r6mjrp\" data-start=\"349\" data-end=\"460\">\nThe closing price on Friday, February 27, the last trading day before the conflict began, was $67.28.\n<\/li>\n<li data-section-id=\"1dspeyv\" data-start=\"461\" data-end=\"519\">\nThe closing price at the end of 2025 was $57.40.\n<\/li>\n<\/ul>\n<p data-start=\"521\" data-end=\"825\">At the pump, however, consumers have yet to see the full benefit of the decline in crude prices. According to AAA, the national average price for a gallon of gasoline remains at $3.92, unchanged on the day. On February 27, the day before the war began, the average price was $2.98 per gallon.<\/p>\n<p data-start=\"827\" data-end=\"1280\" data-is-last-node=\"\" data-is-only-node=\"\">From a technical standpoint, crude oil closed below its 200-day moving average yesterday for the first time since late January. The 200-day moving average currently sits at $73.72. As long as prices remain below that key level, the bears remain firmly in control, keeping the technical bias tilted to the downside and opening the door for a move toward the March gap low at $69.20 and potentially the pre-war closing level at $67.28.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil futures are settling down 3.92% at $70.34, extending the recent slide in prices. During the session, crude fell below the $70.00 level for the first time since the start of&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-432668","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=432668"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432668\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}