BUZ INVESTORS Crude Oil increased 0.33 The commodity is trading at $50.71 per barrel at 09:40 GMT this morning, slightly lower from the New York close. Crude oil witnessed a high of $50.86 per barrel and a low of $50.51 per barrel during the session. In the New York session yesterday, crude oil fell 0.12% to close at $50.72 per barrel, after oscillating between gains and losses. Meanwhile, Saudi Arabia and Kuwait indicated that the OPEC will likely extend their production cut agreement for another 6 months. Immediate downside, the first support level is seen at $50.35 per barrel, while on the upside, the first resistance level is at $51.23 per barrel.
Crude Oil increased 0.33 USD/BBL or 0.66% to 50.60 on Friday April 21 from 50.27 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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