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Crude Oil Futures Rose During The European Session

Adel 14 May, 2021 4:54 pm Commodities, Market Update

Crude oil futures rose during the European session on Friday.

According to the New York Mercantile Exchange, crude oil futures were traded in June at $64.44 a barrel at the time of writing, up by 0.97%.

It previously traded at a session high $64.75 a barrel. Crude oil may find support at $63.09 and resistance at $66.63.

The dollar index, which measures the performance of the greenback against a basket of six other major currencies, fell 0.34% to trade at $90.422.

Meanwhile, on the Nymex, the price of Brent oil for the month of July rose by 1.09% to trade at $67.78 per barrel, while the difference in points (spreads) between Brent oil and crude oil stands at $3.34 per barrel.

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