WTI crude up 41-cents
Oil is higher for the second day as it trades at the best levels of October.
Technically, the next target on my radar is 57.19%, which is the 50% retracement of the post-Saudi attack fall. We’re going to need continued improvement in risk sentiment and trade to keep the momentum going to the 61.8% retracement and beyond. I’m doubtful but for now the trend is higher.