Crude oil prices rose pushing above 3900 mark as government data showed crude oil inventories fell sharply last week, against expectations stocks would rise. U.S. Energy Information Administration data showed that domestic crude inventories fell 3.3 million barrels last week. China's October crude oil imports fell 15 percent from a year ago to their lowest in 19 months, as refiners drew on stocks after record purchases in September. Now support for the crude is seen at 3849 and below could see a test of 3796. Resistance is now likely to be seen at 3935, a move above could see prices testing 3968.

Trading Ideas:

Crude trading range is 3796-3968.

Crude oil prices rose as government data showed crude oil inventories fell sharply

Crude looks to test support at 3878 and resistance is seen at 3935.

EIA data showed that domestic crude inventories fell 3.3 million barrels last week