Crude oil settled at above $62. Resistance at $62.58. - ConsultFX

Crude oil settled at above $62. Resistance at $62.58.

Up $0.38 or 0.64% The price of crude oil benefited from cold snap/storms over the east coast of the US, production cuts from OPEC, and lower inventories. The crude oil inventory data today showed another drawdown of -7419K vs -4700K estimate.  Inventories have fallen 7 consecutive weeks - with most being more than expectations.   Copyright 2015 Forexlive.com