{"id":434539,"date":"2026-07-24T02:20:12","date_gmt":"2026-07-23T19:20:12","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-futures-settled-at-92-19-up-5-36-or-6-17-434539\/"},"modified":"2026-07-24T02:20:12","modified_gmt":"2026-07-23T19:20:12","slug":"crude-oil-futures-settled-at-92-19-up-5-36-or-6-17","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-futures-settled-at-92-19-up-5-36-or-6-17-434539\/","title":{"rendered":"Crude oil futures settled at $92.19 up $5.36 or 6.17%"},"content":{"rendered":"<div>\n<p class=\"PDq2pG_selectionAnchorContainer\">WTI crude oil futures settled at $92.19, up $5.36 (+6.17%) on the day. The move follows a 9.08% surge on July 13, underscoring the strength of the recent rally as geopolitical tensions continue to fuel buying.<\/p>\n<\/p>\n<p>From a technical perspective, the rally pushed the price back above its 100-day moving average at $89.71 for the first time since June 12, when crude was trading near $86.56. Buyers also briefly drove prices above the 50% retracement of the decline from the March 9 high, located at $93.26, with today&#8217;s high reaching $93.50 before backing off into the close.<\/p>\n<p>Going forward, the 100-day moving average at $89.71 becomes the closest support level. As long as the price remains above it, the technical bias favors further gains. However, a sustained break above the 50% retracement at $93.26 is needed to strengthen the bullish case. If buyers can establish a foothold above that level, the next upside target comes in near the June high around $97. A move through there would open the door for a retest of the psychologically important $100 level\u2014a price last seen on May 21.<\/p>\n<p>The turnaround has been dramatic. On the day before the Iran conflict escalated, WTI closed at $67.28. Earlier this month, the price briefly dipped to $67.04, just below that level, before reversing sharply higher as geopolitical tensions intensified and the technical outlook shifted decisively in favor of the bulls.<\/p>\n<p>Meanwhile four consumers in the US, the average price for a gallon gas is up to $4.09. The low price was at $3.83 at the beginning of July.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WTI crude oil futures settled at $92.19, up $5.36 (+6.17%) on the day. The move follows a 9.08% surge on July 13, underscoring the strength of the recent rally as geopolitical tensions&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-434539","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434539","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=434539"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434539\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=434539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=434539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=434539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}