U. S. crude oil futures settled higher on Tuesday lifted by a bounce on Wall Street and amid volatility associated with the expiration of the May crude contract at the close. Crude rose after falling more than $2 earlier as uncertainty about a quick economic recovery and bank stability that pressured global equities pushed oil lower.

Natural Gas fell very sharply due to milder weather and expectation of built in inventory.

South Korea, the world's fifth-largest crude oil buyer, imported 61.82 million barrels of crude or 1.99 million barrels per day (bpd) in March, down from
72.90 million barrels (2.35 million bpd) a year ago and 74.77 million barrels (2.67 million bpd) in February.

Japan, the world's third-biggest oil consumer, imported 18.158 million kilolitres (3.68 million barrels per day) of crude oil last month, preliminary data from the Ministry of Finance showed. Imports fell nearly 14 percent in February to 18.946 million kl, the lowest tally in 20 years for the month and down 18.4% from a year ago.

A Reuters poll of analysts ahead of weekly inventory data showed a forecast for a 2.6-million-barrel increase in crude stocks last week. Gasoline supplies were forecast to have fallen 400,000 barrels and distillate supplies likely fell 700,000 barrels, the poll showed

We believe fundamentally despite of crude oil stocks are multi year high, stocks at Cushing Oklahoma are depleting rapidly and any minor built or further draw at Cushing tonight we might see upside in Crude oil prices. Trend for the day remains up.

Crude: Crude prices moved lower even yesterday after witnessing the tri-angular break down. The prices moved up during the close, forming hammer. But the rising ADX and –DI do not suggest buying at the current levels. Selling can still persist below of 2500 levels.