Crude Oil futures settle up $0.22 at $88.90. Technical bias is to the downside. | investingLive

Crude oil futures settled at $88.90, up $0.22, amid a day of intraday volatility driven by Middle East tensions and shifting headlines on a possible ceasefire memorandum. Prices ranged from a session high near $92.52 to a low around $87.11, underscoring a broad oscillation and a key retracement at the 50% level of the December 2025 rally near $87.29. The market remains biased to the downside as prices stay below the 100-hour and 200-hour moving averages, with the 200-hour around $96.56 and still trending lower. To flip the bias, bulls must reclaim the 100-hour average and push above the falling 200-hour average, signaling a potential corrective move; otherwise, sellers are likely to resume pressure.