New York's main contract, light sweet crude for delivery in December, added 29 cents to $88.94 and Brent North Sea crude for December delivery gained 29 cents to $109.73.
Crude markets were recovering after taking "a battering from weak US corporate earnings and weaker sentiment about the global economic recovery,
I think we are seeing bargain hunters come back into the market after a sharp sell-off,
Traders were also looking anxiously at Europe after Germany's central bank warned the German economy will see a sharp slowdown in growth or may even contract at the end of the year as the eurozone crisis bite
WTI Crude Oil (NY Close): $ 88 . 65 // - 1 . 79 // - 1 . 98 % Prices continue to consolidate above support at 87.66, the 38.2% Fibonacci expansion. Resistance is at 92.25, marked by a falling trend line established from late September, with a break above that targeting a larger downward-sloping barrier set from the February top, now at 97.90. Alternatively, a drop through support exposes the 50% level at 83.76.
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