Crude Oil trades at $72.95 per barrel, after ending yesterday at $73.16.
Furthermore, the market is looking at United States Consumer Price Index figure is projected at 0.4%. It previously stood at 0.1%; data will be released tomorrow at 12:30 UTC. United States Crude Oil Inventories expected to decline to -1.6 million while its preceding data was -1.28 million, data will be available tomorrow at 14:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.
US crude oil is now trading 7.19% above the significant low ($68.25) it slumped to 6 days ago.