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Crude oil rose above $55 per barrel on the......>

OIL
OIL: Crude oil rose above $55 per barrel on the overnight for the first time
since February after U.S. figures showed oil rigs declined by the most in more
than a year, gasoline stockpiles also reported lower and support grew for OPEC
to extend oil output cuts... Opening Asia Crude Oil extended gains above $55
amid tension in the middle-east, Crude oil was last at $55.76. 
- On Saturday Lebanese Prime Minister Saad Hariri resigned from the Saudi
Capital of Riyadh, Saudi Arabia's office news agency then reported the country's
military had intercepted a Yemen-borne ballistic missile over Riyadh and finally
news came down that some of 17 of Saudi Arabia's most high profile princes and
businessmen were being detained on corruption allegations, led by the Crown
Prince of Saudi Arabia, Mohammed Bin Salman.
- MNI Technical analysis sees support at $55.62 - Hourly support Nov 3 and
resistance at $56.31 - Daily Bull channel top (off Aug low.) Hesitation ahead of
the longer-term bull channel top came to an end Friday with a rally that sees
the contract pressuring the bull channel top off Aug lows and focus now on
$57.94-60.74 where the 200-WMA ($60.74) is situated.

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