Crude oil ended firm but pared some of gains pressured by the restart of the Trans Alaska Pipeline and as the International Energy Agency said some members of OPEC may have quietly raised production in response to prices nearing $100 a barrel. World oil demand growth in 2011 will be higher than initially expected but will slow significantly from last year's heady pace, the International Energy Agency (IEA) said in its monthly report. Now support for the crude is seen at 4130 and below could see a test of 4094. Resistance is now likely to be seen at 4189, a move above could see prices testing 4212.

Trading Ideas:

Crude trading range is 4094-4212.

Crude oil ended firm but pared some of gains pressured by the restart of Trans Alaska Pipeline

Crude oil looks to take support at 4148 and resistance is at 4192 level.

World oil demand growth in 2011 will be higher than initially expected