WTI Rises in Asia Breaking $34 Handle as Inventories Fall in US

West Texas Intermediate July month contract has continued its push higher well into the Asian session with prices pushing above the $34 handle.

Much of the attention in prices overnight within the United States was the release of US EIA Crude data which posted a higher than expected cut for the week.

Furthering this did also hear comments from further nations around the globe surrounding additional cuts being announced by nations in a bid to assist prices.