Crude oil rose for a second day on increasing optimism that the world economy is emerging from recession and fuel consumption will recover. The crude oil ended above $77 a barrel for the first time in two weeks yesterday as Traders also took positive clues from the recent upsurges in the stock markets.

Today, the release of crude oil inventory is likely to help determine the market's next direction for Black Gold. Moreover, a release of a string of positive economic figures from U.S could help its bullishness. Therefore, traders are advised now to make some profits as the price of Crude Oil is set to remain volatile in the short-medium term.