Crude Oil Revisits $50

August Crude Oil futures are trading higher by $1.16 at $49.72 per barrel in Monday's session. It's now over $4 higher than its lows at $46.40.

After a higher open, it retreated but found support ahead of Friday's close ($4.56), reaching $49.72 before continuing its move higher. So far, it has reached $49.93 and backed off. That high coincides with its June 13 high of $49.91.