This helped Oil reach its third weekly gain, along with increasing optimism from the leading economies. It is right to day that the recent global equity rally and the weak USD have helped Crude Oil benefit greatly.

The second consecutive week of drops in stockpiles yesterday may help push prices to the $80 level, and the rise in Oil prices will likely continue throughout next week as well. Watch out for fluctuations in the USD and the strength of the global economy today, as these factors will directly impact the price of Crude Oil.