Crude oil ended higher yesterday as the dollar weakened, prompting investors to once again buy into commodities.
OPEC President Jose Botelho de Vasconcelos said on Monday it was still too early for the oil exporters' group to make a decision on production changes before its December meeting, as the market remained oversupplied.
OPEC will next meet in Luanda, Angola, on Dec. 22. Now support for the crude is seen at 3564 and below could see a test of 3503. Resistance is now likely to be seen at 3667, a move above could see prices testing 3709.
