Crude oil futures and settle at $62.52

The price traded as high as $63.84 and as low as $61.55 during the session.Technically, the rally extended into a key swing area between $63.52 and $64.14 , but still fell short of the 38.2% retracement of the 2025 decline from the January high, which comes in at $64.88.On the downside, support is now eyed at the 100- and 200-hour moving averages, which are converging near $61.59 and $61.52, respectively.