Crude oil ended higher after the U. S. government reported an unexpected decline in inventories and gasoline demand jumped the most in five years. Stockpiles lost 2.2 million barrels last week to 354 million, the Energy Department said. OPEC cut estimates of demand for its own crude in 2010 as production outside the group accelerated. Now support for the crude is seen at 3760 and below could see a test of 3712. Resistance is now likely to be seen at 3841, a move above could see prices testing 3874.

Trading Ideas:

Crude trading range is 3712-3874.

Crude oil ended higher due to an unexpected decline in inventories

Support for the crude is at 3788 and resistance is at 3832.

Stockpiles lost 2.2 million barrels last week to 354 million

SELL CRUDE APR ON JUMP @ 3825-3835 SL 3852 TGT 3802-3772-3756.MCX