Crude Oil Movement
Oil prices advanced 1.92% against the USD for the 24 hour period ending 23:00GMT, closing at 99.76, on EIA report of US oil inventories data.
In the US, the Energy Information Administration reported that commercial crude oil inventories supplies fell 15,000 barrels to 370.3 million. It reported 119,000 barrel gain in gasoline, while distillates decreased 1.2 million barrels.
At GMT 0300, Oil is trading at USD 100.39 per barrel in the Asian session, 0.63% higher from 23:00GMT.
The pair has its first resistance at 101.72, followed by the next resistance at 103.05. On the other side, the first support is at 98.33, with the subsequent support at 96.27.
The pair is trading just above its 20 Hr and 50 Hr moving averages.
