Crude Oil futures managed to trade up above $87 recovering in the evening session on positive equity indices after political tensions eased in Egypt and on speculation of higher product inventories in the market.
The traffic at Suez Canal is moving normally which is the good thing for oil markets and prices should response according to it.
Earlier crude oil prices traded down near $86 on stronger dollar and China raise key interest rates to curb inflation.
Natural gas futures traded steady near $4.070 after falling almost 4% on moderate weather condition in US. Temperatures may fell by 20 degrees in two days on cold winds which may boost natural gas prices.
NYMEX Crude oil has important resistance at $89, crucial support at $85.
