The West Texas oil barrel is trading at 77.60 dollars at the NYMEX, falling 1.3%, after a global decline of commodities, given the larger demand for safe havens. For the next hours, investors will wait for the Canadian API crude inventories. If there's a decline, the price could revert its trend.Below, the bearish target is at the daily lows at 77.60, while above the next resistance is at 78.20 dollars.

Crude