Last Updated Date: 14 April 2021 @ 7:50 AM (UTC) *Please note that all the dates are in GMT time zone
Oil was up Wednesday morning in Asia, as investors cheered a decline in U.S. crude oil supplies. Rising numbers of COVID-19 cases and the latest hurdle in the COVID-19 vaccine program triggered fuel demand worries, however.
Yesterda’s rally gives short term bull signals for an emerging bull drive. Trade is poised for rallies and close over 62.05 should fuel rallies to 64.60. Only a close under 58.68 signals a reversal turn back to lower levels ⇒ 57.50.