Bullish Brent crude oil runs out of steam at $77.35; currently at $77.18 per barrel

After closing the previous trading day at $76.26, Brent Crude Oil went up to $77.35 only to drop back; still positive overall today, now trading at $77.18 per barrel.

On the flip side, highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%. Highly important Pending Home Sales data from United States beat analyst expectations of 0.5% with a reading of 0%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3.

A look at other Energy also shows upside as Crude Oil gained 1.45% and is now trading at $72.87. Heating Oil moves up 1.24% to trade around $2.38.

While Brent crude oil is higher so far today, these Energy commodities are underperforming: Natural Gas withdraws 4.72% to trade around $2.2.

After hitting an important low of $72 approximately 23 days ago, Brent crude has bounced back 5.93% since.