Impressive turnaround for WTI crude oil to finish at $40.55

WTI settles at $40.55, up 96 cents

Front month WTI crude had been as low as $38.54 but bounced more than $2 to finish nicely higher on the day.

Crude has been tied to $40 for weeks but today’s rebound is a preliminary sign of a higher low.

If crude can get above $41.63 next week it can run.
For bank trade ideas, check out eFX Plus