Crude oil oil futures settles at $83.53

Crude oil futures settled at $83.53, up $1.30 (1.58%), after ranging from $80.65 to $84.27. Prices rebounded back above the 100-hour moving average near $83.39, briefly pushing above the 200-hour average at $84.06, but failed to hold the stronger level and rotated back between the two moving averages into the close. The market is trading within a defined technical zone: staying above the 100-hour average keeps buyers active, while a sustained move above the 200-hour average would strengthen a bullish bias. Broaderly, oil remains between the 100-day average near $87 and the 200-day average at $77.80.