Crude Oil Movement
Oil prices advanced 0.45% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 100.74, as heightened concerns about developments in the Middle East and North Africa raised fears about supply restrictions and spurred prices above the key $100 per barrel.
At GMT 0300, Oil is trading at USD 100.50 per barrel in the Asian session, 0.24% lower from 23:00GMT.
The pair has its first resistance at 101.13, followed by the next resistance at 101.76. On the other side, the first support is at 99.98, with the subsequent support at 99.46.
The pair is showing convergence with its 20 Hr and its 50 Hr moving averages.
