Crude Oil Movement
Oil prices advanced 0.42% against the USD for the 24 hour period ending 23:00GMT, closing at 93.43, as some relative optimism over Greece’s debt-situation and a weaker dollar helped support prices.
Investors continued to monitor the euro-zone’s sovereign-debt situation and the implications the unfolding crisis have for global energy demand.
At GMT 0300, Oil is trading at USD 93.48 per barrel in the Asian session, 0.05% higher from 23:00GMT.
The pair has its first resistance at 94.61, followed by the next resistance at 95.73. On the other side, the first support is at 91.75, with the subsequent support at 90.01.
The pair is trading just above its 20 Hr and its 50 Hr moving averages.
