• Blog
  • California Consumer Privacy Act (CCPA)
  • Cart
  • Checkout
  • Contact
  • DMCA
  • Home
  • My account
  • Privacy Policy
  • Shop
Wednesday, October 29, 2025
  • Login
Buyer's Insight
  • Home
  • Top Stories
  • Local News
    • Politics
    • Business & Economy
    • Entertainment
    • Sports
  • Health
  • Lifestyle
  • Science & Environment
  • Technology
  • Review Radar
    • Weight Loss Products Reviews
    • Forex Trading
    • Shop
  • Contact
No Result
View All Result
  • Home
  • Top Stories
  • Local News
    • Politics
    • Business & Economy
    • Entertainment
    • Sports
  • Health
  • Lifestyle
  • Science & Environment
  • Technology
  • Review Radar
    • Weight Loss Products Reviews
    • Forex Trading
    • Shop
  • Contact
No Result
View All Result
Buyer's Insight
No Result
View All Result

Crude oil futures settle at $62.55

Michael Johnson by Michael Johnson
October 8, 2025
in Business & Economy
Reading Time: 1 min read
0
0
SHARES
0
VIEWS

The price of crude oil stands at $62.55. This represents an increase of $0.82 or 1.33%. The day’s high reached $62.92. The lowest was at $62.05.

From a technical perspective, today’s price action was encouraging for buyers. The market remained above a swing floor which previously served as a barrier in August and September (see the yellow area in the graph above).

Although the price briefly fell below this level on October 1 and has spent much of the last two sessions trading below it, today marked a change. The market returned above the floor and, above all, was able to stay there. This resilience gives buyers renewed confidence that the level can once again serve as a base of support, opening the door for a possible surge higher if momentum builds.

For sellers, it would be necessary to get back below the old floor area between $61.45 and $61.94 to give them firm control from a technical perspective.

Weekly crude oil inventory data released earlier in the day showed an increase of 3.715 million barrels against expectations of 1.830 million. However, gasoline stocks showed a decline of -1.601M compared to the estimate of -0.690M and distillates showed a decline of -2.018M compared to expectations at -0.842M.

Source link

Post Views: 0
Tags: CrudeFuturesOilsettle
Previous Post

Fox Entertainment Studios and HarperCollins sign first two-way deal

Next Post

Jets sign star forward Kyle Connor to 8-year, $96 million extension

Related Posts

Business & Economy

Federal health insurance premiums will see another significant increase in 2026

October 10, 2025
Business & Economy

ONGC to provide first guarantee in 15 years for unit bond sale, says report

October 10, 2025
Business & Economy

US opens investigation into Tesla after new accidents involving its self-driving technology

October 9, 2025
Business & Economy

Levi Strauss (LEVI) Third Quarter 2025 Results

October 9, 2025
Business & Economy

Trump Administration Sends Student Loan Cancellation Notices

October 9, 2025
Business & Economy

Asia Economic Calendar October 10, 2025 – RBA’s Bullock and Fed’s Daly speak

October 9, 2025
Next Post

Jets sign star forward Kyle Connor to 8-year, $96 million extension

Zoma News Pulse

  • Home
  • California Consumer Privacy Act (CCPA)
  • Contact
  • DMCA
  • Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Top Stories
  • Local News
    • Politics
    • Business & Economy
    • Entertainment
    • Sports
  • Health
  • Lifestyle
  • Science & Environment
  • Technology
  • Review Radar
    • Weight Loss Products Reviews
    • Forex Trading
    • Shop
  • Contact