Crude Oil prices rose to over $67 to the $67.26 level, before falling to $66.75. This behavior was owed to a weak Dollar in early trading. However, the U.S. currency gained significantly on Tuesday ever since the negative U.S. Consumer Confidence figures were released. In turn, this put downward pressure on Crude prices. Thus as the USD strengthened, Crude Oil prices went lower.
Oil prices are set to encounter another exciting day of trading. The most important release today is the publication of Crude Oil Inventories at 14:30 GMT. The other important release that is set to impact the value of Crude today is the U.S. ADP Non-Farm Employment Change, as Crude is priced in U.S. Dollars. If you want to make profits from Oil today, then you should open your trades as soon as possible.