Friday, July 3

Oil climbs above $40 for the first time since 8 June

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Oil continues to hold more resilient in trading this week

WTI 19-06
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WTI crude is up by over 3% on the day now as price pushes back above the $40 level for the first time since 8 June. The key challenge for buyers now would be to try and hold a break above the psychological level as oil continues to strengthen this week.

The 8 June high at $40.44 will be one to watch next ahead of the close today.

A close above $40 would mark a solid end to the week for buyers.

Source: Forexlive

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