Oil nears a major breakout - ConsultFX

Oil nears a major breakout

Drop in drilling rigs has led to a fresh bid WTI crude is threatening the best levels of the week as trading winds down. Wednesday's high was $55.22 and the best level today is $55.14. But the big level to watch is $55.24, which was the January high. If that gives way, there are blue skies Copyright 2015 Forexlive.com