US crude oil trades at $78.95 per barrel, after ending yesterday at $78.76.
United States Building Permits is next today at 13:30 UTC.
Crude Oil's upper Bollinger Band® is at $83.69 and the lower is $77.07.
Despite muted price action in US crude oil, chart analysis indicates it is positioned for a bullish run in the short term.
Meanwhile, mixed performances are seen in other Energy as Brent Crude Oil moves 0.25% to trade around $82.94. Heating Oil trades with no major change, around $2.54. After ending yesterday's session at $2.27, Natural Gas lost 4.4 cents and is trading around $2.23.
Moreover, United States Core Durable Goods Orders projected to decline to -0.2% while previous data was -0.1%; data will be released tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -1.67 million. It previously stood at -4.58 million; data will be released tomorrow at 14:30 UTC. United States Building Permits will be released today at 13:30 UTC.
Approximately 10 months ago, US crude oil reached a significant high of $122.09 but has struggled to hold onto its gains and declined 35.49% since then.