For the 24 hours to 23:00 GMT, Crude Oil rose 1.86% against the USD and closed at USD66.81 per barrel, following news that Saudi Arabia seized missiles over Riyadh.
Separately, the Energy Information Administration (EIA) indicated that US crude oil stockpiles rose by 3.3 million barrels to 428.6 million barrels in the week ended 06 April.
In the Asian session, at GMT0300, the pair is trading at 67.12, with oil trading 0.46% higher against the USD from yesterday’s close.
The pair is expected to find support at 65.70, and a fall through could take it to the next support level of 64.27. The pair is expected to find its first resistance at 68.00, and a rise through could take it to the next resistance level of 68.87.
Crude oil is trading above its 20 Hr and 50 Hr moving averages.
