Oil makes shaky gains on optimism

Crude Oil increased 0.43 USD/BBL or 0.88%

Crude Oil increased 0.43 USD/BBL or 0.88%

Buz Investors Crude Oil increased 0.43 The commodity is trading at $49.32 per barrel at 09:40 GMT this morning, 0.39% higher from the New York close.

Oil

Buz Investors Crude Oil increased 0.43 The commodity is trading at $49.32 per barrel at 09:40 GMT this morning, 0.39% higher from the New York close. Crude oil witnessed a high of $49.62 per barrel and a low of $49.01 per barrel during the session. In the New York session yesterday, crude oil rose 1.28% to close at $49.13 per barrel, after the EIA reported that US crude oil inventories unexpectedly fell by 0.24 million barrels to 528.20 million barrels last week, recording its first decline in 10 weeks. Immediate downside, the first support level is seen at $48.45 per barrel, while on the upside, the first resistance level is at $49.91 per barrel.




 

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Crude Oil increased 0.43

EIA reported that US crude oil inventories unexpectedly fell by 0.24 million barrels to 528.20 million barrels

 




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