Crude Oil Movement
Oil prices advanced 0.09% against the USD for the 24 hour period ending 23:00GMT, closing at 105.55, amid concerns over oil supply following the ongoing civil war in Libya and political unrest in Middle East regions.
At GMT 0300, Oil is trading at USD 105.38 per barrel in the Asian session, 0.16% lower from 23:00GMT.
The pair has its first resistance at 106.05, followed by the next resistance at 106.71. On the other side, the first support is at 104.61, with the subsequent support at 103.83.
Crude oil is showing convergence with its 20 Hr and 50 Hr moving averages.
