WTI settles at $40.55, up 96 cents
Front month WTI crude had been as low as $38.54 but bounced more than $2 to finish nicely higher on the day.
Crude has been tied to $40 for weeks but today’s rebound is a preliminary sign of a higher low.
If crude can get above $41.63 next week it can run.
This article was originally published by Forexlive.com. Read the original article here.