WTI crude continues to flirt with the year-long trendline - ConsultFX

WTI crude continues to flirt with the year-long trendline

WTI consolidates above support The Baker Hughes rig count data at the top of the hour will likely show the continued march higher in US oil production. OPEC is also talking about raising quotas, although I'm skeptical they have much idle production given that they've failed to meet current quotas for months.