January 12, 2023 / 11:34 AM IST Ravindra V.Rao, CMT, EPAT, VP-Head Commodity Research, Kotak Securities: NYMEX WTI Crude continued to trade higher on Wednesday reaching a high of $77.84/bbl.
It closed the session in green with gains of around 3%.
In today’s early session crude is trading moderately higher by 0.18%.
Crude traded higher as demand optimism from China, possible supply tightness amid Russian sanctions and expectation of a lower inflation print from the US supported the prices.
On the price front NYMEX WTI Crude oil has taken support near $72.50/bbl, the low of last week.
Break above $77.50/bbl on closing might push it higher towards $80/bbl.

Source - Money Control