After closing the previous trading day at $77.24, Crude Oil is up to $78.77 per barrel, which makes for a move of 1.98%/$1.53 today.
Meanwhile, United States CFTC Crude Oil speculative net positions released yesterday at 19:30 UTC with a figure of 252,500, while the previous figure was 278,300. United States CFTC Gold speculative net positions released yesterday at 19:30 UTC with a figure of 116,100, while the previous figure was 126,300. United States CFTC Nasdaq 100 speculative net positions came out at 3,000.
A look at other Energy also shows upside as having closed the previous session at $83.19, Brent Crude Oil is up 2.38% today to currently trade at around $85.17. Heating Oil is up 1%.
Other Energy are showing mixed performance as Natural Gas moves 1.12% to trade around $6.79.
Moreover, macro data could boost sentiment further as United States Pending Home Sales is projected to outperform its last figure with -5%. It previously stood at -10.2%; data will be released tomorrow at 15:00 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -2.49 million. It previously stood at -3.69 million; data will be released tomorrow at 15:30 UTC.
Furthermore, the market is looking at United States ADP Nonfarm Employment Change (Nov) is expected tomorrow at 13:15 UTC.
WTI crude oil is now trading 21.16% below its 3-month high of $124.77.