Crude oil fell as a report showing consumer confidence fell in July weighed on oil and across financial markets. After crude futures settled, the American Petroleum Institute industry group said in a weekly report that U.S. crude supplies rose 3.1 million barrels last week. Now support for the crude is seen at 3583 and below could see a test of 3543. Resistance is now likely to be seen at 3691, a move above could see prices testing 3759.

Trading Ideas:

Crude trading range is 3543-3759.

Crude oil fell as a report showing consumer confidence fell in July

Crude oil is taking support at 3580 and resistance at 3652 level

Today crude oil inventories: EXP: -1.4M PREV: 0.4M