Market Overview

Crude Futures Post Strong Gains

Share:
Related USO
Crude Oil Futures Settling In After Wild Week
Bloomberg Reports Credit Suisse Structured Note Tied To S&P Oil & Gas Exploration Was Most Popular In Past 10 Days
Brazilian Economy Spirals Lower On China Trouble, Commodity Weakness (Seeking Alpha)

Crude futures are having the best day in almost two months, rallying $1.50 per barrel to $95.40. After building a base in lower 93s, the contract cleared the major resistance at 95.20 and reached 95.63. Since making the high, the contract has pulled back to 95.16 before resuming is rally.

Posted-In: Technicals Commodities Markets Trading Ideas

 

Related Articles (USO)

Get Benzinga's Newsletters