Crude oil rose as the dollar weakened due to an unexpected dip in U.S. jobs, further raising expectations of easier money policies from the Federal Reserve to help lift the struggling economy. Enbridge Inc. said it has shut its 670,000 barrel-per-day Canada to U.S. Line 6A pipeline after discovering a problem with the line during maintenance in Wisconson early Friday. Now support for the crude is seen at 3672 and below could see a test of 3659. Resistance is now likely to be seen at 3693, a move above could see prices testing 3701.

Trading Ideas:

Crude trading range is 3659-3701.

Crude oil rose as the dollar weakened due to an unexpected dip in U.S. jobs

Now support for the crude is at 3648 and resistance is at 3698.

Enbridge Inc. said it has shut its 670,000 barrel-per-day Canada to U.S. Line 6A pipeline