<p>WTI crude futures are settling down $1.61 or 2.36% at $66.74.</p><p>The high price extended up to $69.83. The low price traded to a new low going back to December 2021 at $65.38. On Wednesday, the low price reached $65.65. Yesterday the low price bottom just above that level at $65.71.</p><p>For the trading week, the price of crude oil is down -13.30% or $-10.20. That’s the largest one week decline since April 2020. The settlement price was just above the 200 week moving average at $66.14. Next week, the 200 week MA will be a key barometer for buyers and sellers. Stay above the MA level is more bullish. Move below will be more bearish. </p><p>Be aware. </p>

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