Crude oil futures prediction july 27 2012

Crude oil futures prediction july 27 2012 : Crude oil futures were higher in Asian trading hours on Friday. On the New York Mercantile Exchange, Crude oil futures for September delivery traded at USD89.61 a barrel at time of writing rising 0.25%.

It earlier traded at a session high USD89.64 a barrel. Crude oil was likely to find support at USD86.87 and resistance at USD91.36.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.07% to trade at USD82.83.

Elsewhere on the ICE, Brent oil for September delivery rose 0.24% to trade at USD105.66 a barrel, with the spread between the Brent oil and Crude oil contracts standing at USD16.05 a barrel.

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