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Crude Oil Futures Rose During Asian Session

Adel 5 August, 2020 11:20 am Market Update

Crude oil futures rose during the Asian session on Wednesday.

According to the New York Mercantile Exchange, crude oil futures were traded for September at $41.69 a barrel, up 0.02%.

It was previously traded at a session high of $41.73 a barrel. Crude oil may find support at $38.72 and resistance at $42.09.

The dollar index contracts, which measure the performance of the greenback versus a basket of six other major currencies, rose 0.26% to trade at $93.138.

Meanwhile, on the NYMEX, Brent oil price for October rose 0.09% to trade at $44.47 per barrel, while the spread difference between Brent and Crude Oil contracts stands at $2.78 per barrel.

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