Crude settled higher after a wave of strong manufacturing-sector data renewed investors' faith in the global economic recovery.  Oil inventories still have the potential to reverse recent gains in the futures market, however. U.S. stockpiles shot up 7.3 million barrels in last week's report from the Energy Information Administration, and supplies are well above average despite months of economic growth. Now support for the crude is seen at 3687 and below could see a test of 3620. Resistance is now likely to be seen at 3794, a move above could see prices testing 3834.

Trading Ideas:

Crude trading range is 3620-3834.

Crude ended higher on optimistic view of global economic recovery

Crude oil is taking support at 3730 and resistance at 3782 level

Supplies are well above average despite months of economic growth