Crude Oil Movement
For the 24 hours to 23:00 GMT, Crude Oil rose 0.24% against the USD and closed at USD66.59 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories fell by 1.0 million barrels to 428.0 million barrels in the week ended 13 April.
In the Asian session, at GMT0300, the pair is trading at 66.83, with oil trading 0.36% higher against the USD from yesterday’s close.
The pair is expected to find support at 65.95, and a fall through could take it to the next support level of 65.06. The pair is expected to find its first resistance at 67.33, and a rise through could take it to the next resistance level of 67.82.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
