WTI Crude ended yesterday’s session above the $63 handle after OPEC+ agreed to move forward with the agreed supply increase of 2Mb over the next three months, beginning with a 600kbpd increase in May. API inventories registered a surprise buildup of 4.319Mb vs. a previous of 0.436Mb, though wasn’t enough to dent bullish momentum with $63.35 resistance level to direct today’s session, ahead of awaited EIA data.
Support: 61.55 / 61
Resistance: 62.50 / 63.35
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