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Crude Futures Resume Upward Move

OIL

Crude futures trading higher on the day as supply pressures support prices.

  • WTI tested first technical resistance levels at 104.48$/bbl with the next level at the 50d moving average of 106.88$/bbl.
  • Brent also pushing higher but still just below resistance at 106.35$/bbl
  • Brent SEP 22 up 0.5% at 105.17$/bbl
  • WTI AUG 22 up 0.8% at 103.51$/bbl

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