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Crude has rallied nearly 6% off the monthly lows and while prices remain vulnerable near-term, the broader outlook remains constructive. Here are the levels to know.
Crude oil prices are poised to challenge six-month highs near the $53/bbl figure as markets await official EIA weekly inventory flow statistics.
The near-term recovery in crude appears to be sputtering ahead of September-high ($52.83), with oil prices at risk of facing range-bound conditions.
The near-term recovery in crude appears to be sputtering ahead of September-high ($52.83), with oil prices at risk of facing range-bound conditions.
Crude Oil recovered nicely to end the week and is moving higher in alignment with base metals as global demand appears to be on the rise.
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