Crude Oil Movement
Oil prices declined 0.44% against the USD for the 24 hour period ending 23:00GMT, closing at 84.51.
At GMT 0400, Oil is trading at USD 84.61 per barrel in the Asian session, 0.12% higher from 23:00GMT.
The pair has its first resistance at 85.77, followed by the next resistance at 86.93. On the other side, the first support is at 83.65, with the subsequent support at 82.69.
The pair is showing convergence with its 20 Hr moving average and is well below its 50 Hr moving average.
Oil inventories fell 354,000 barrels, according to American Petroleum Institute data released on late Tuesday.
