Crude Oil Movement
Oil prices advanced 0.63% against the USD for the 24 hour period ending 23:00GMT, closing at 101.73, as OPEC on Wednesday decided to keep oil supplies unchanged. Further, oil climbed after the US trade deficit unexpectedly narrowed in April.
At GMT 0300, Oil is trading at USD 102.10 per barrel in the Asian session, 0.36% higher from 23:00GMT.
The pair has its first resistance at 102.78, followed by the next resistance at 103.46. On the other side, the first support is at 101.09, with the subsequent support at 100.08.
The pair is trading just above its 20 Hr and its 50 Hr moving averages.
