BUZ INVESTORS Crude Oil increased 0.27 The commodity is trading at $50.81 per barrel at 09:40 GMT this morning, 0.45% higher from the New York close. Crude oil witnessed a high of $50.92 per barrel and a low of $50.50 per barrel during the session. In the New York session yesterday, crude oil fell 3.47% to close at $50.58 per barrel, after the EIA reported a surprise rise in US gasoline inventories. On the other hand, US crude oil stockpiles dropped less-than-expected by 1.0 million barrels to 532.3 million barrels last week. Immediate downside, the first support level is seen at $49.72 per barrel, while on the upside, the first resistance level is at $52.28 per barrel.
Crude Oil increased 0.27 USD/BBL or 0.54% to 50.67 on Thursday April 20 from 50.44 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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