Crude gained as Wall Street lent support with some robust quarterly reports that raised hopes for oil demand going forward. Meanwhile, the International Energy Agency said China has become the world's biggest energy user, surpassing the US last year. China consumed 2.25 billion tons of oil equivalent last year, about 4% more than the US. Now support for the crude is seen at 3533 and below could see a test of 3498. Resistance is now likely to be seen at 3630, a move above could see prices testing 3692.

Trading Ideas:

Crude trading range is 3530-3740.

Crude gained as Wall Street lent support with some robust quarterly reports

Crude oil is taking support at 3588 and resistance at 3630 level

IEA said China has become the world's biggest energy user, surpassing the US last year