Crude oil settles at $70.37 up $1.12 on the day - ConsultFX

Crude oil settles at $70.37 up $1.12 on the day

The contract is up 1.62% on the day The price of crude oil is settling up $1.12 on the day or 1.62% at $70.37. The inventory data today showed a hefty -5296K draw (vs -2000K est). Hurricane Florence is also a minor influence - more on the potential demand side.