Crude oil futures settled $61.53

Crude oil prices saw a volatile session, swinging between gains and losses. After opening near $61.45, the price climbed to a high of $62.68 before falling to a low of $60.59. It ultimately settled at $61.53 — close to both the day’s opening level and Friday’s closing price.

Looking at the hourly chart, the price is between its 100 hour moving average below at $60.21, and its 200 hour moving average above $62.67. Traders will look for a break in either direction for bias clues this week