Crude Oil is trading today in the Asian session below the $81 level.
Crude oil futures remained relatively stable on Friday but were poised for a second consecutive weekly increase due to signs of improving demand and declining oil and fuel inventories in the U.S., the world's largest oil consumer.
Prices have climbed about 5% since the beginning of the month, reaching their highest level in over seven weeks. The seasonal rise in demand, as indicated by the latest EIA data, along with renewed conflict between Israel and Hezbollah and the ongoing hurricane season, could maintain price strength throughout the summer.
