WTI Advances to Fresh Tops Beyond $41.00

_{WTI crude prices rose to a 3-day high, surpassing $ 41.00 on Wednesday. Crude oil is adding to Tuesday’s gains, rising above $ 41.00 a barrel after upbeat comments from the International Energy Agency. Indeed, the agency expected a significant drop in global stocks in the last quarter of this year and added that crude oil floating storage shrank by more than 139 million in September.}

_{However, commodity prices recovered the recently lost gains on the back of results from the Chinese trade data released on Tuesday, which showed an increase in imports of crude oil during September, reinforcing the outlook for the recovery of the Chinese economy.}

_{Later in the session, the American Petroleum Institute is due to release its weekly crude oil report (expected -3.36 million) ahead of Thursday’s Energy Information Administration report and Baker Hughes numbers of oil rigs on Friday.}