Crude Oil Futures Higher In Choppy Session

'' Crude Oil futures are trading higher by $0.75 at $58.76 in Wednesday's session. Two days removed Goldman Sachs bearish call on the entire oil complex, the contract is attempting to get back in the $59 handle. After closing just off its lows for the session on Tuesday at $57.99, it opened Wednesday's session higher ($58.32) and was not able to revisit Tuesday's close. The rally was interrupted by bearish inventory data, that instigated a sharp spike to $58.16 but quickly recovered. It has rallied to make a new high for the day at $59.04, but is now well back under that level. Crude oil has not posted two consecutive closes under $60 since the end of April.