USO United States Oil Fund 35.92 (+.34)
January Crude Oil is rallying today, +1.17 to 70.67
The move comes from a report that industries have increased production in the U.S. over the last three months, potentially increasing fuel demand.
USO held its 200 day moving average at 35.20. Needs a breakout past 37.29 (prior breakdown point) for a sustained move higher. Could be a tough get unless we see a big draw in crude supplies in tomorrows inventory numbers.
(Click chart to enlarge)