The commodity is trading at $52.53 per barrel at 09:40 GMT this morning, 0.32% higher from the New York close. Crude oil witnessed a high of $52.56 per barrel and a low of $52.24 per barrel during the session. In the New York session yesterday, crude oil fell 0.13% to close at $52.36 per barrel. Meanwhile, the API revealed that crude oil inventories fell by 0.84 million barrels last week. Immediate downside, the first support level is seen at $52.14 per barrel, while on the upside, the first resistance level is at $52.89 per barrel.
Crude Oil increased 0.02 USD/BBL or 0.04% to 52.47 on Wednesday April 19 from 52.41 in the previous trading session. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.
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