Bullish WTI crude oil runs out of steam at $73.05; currently at $72.87 per barrel

A quick look at yesterday: after ending Thursday at $71.83, Crude Oil went up to $73.05 only to drop back, yet still traded well overall and closed at $72.87 per barrel yesterday.

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%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

This rally in WTI crude oil's price coincides with other Energy as Heating Oil is trading around $2.38 after ending yesterday's session at $2.35 (up 1.24% today). Brent Crude Oil is trading around $77.18 after ending yesterday's session at $76.26 (up 1.21% today).

At the same time, Natural Gas is down to $2.2, losing 10.9 cents, after ending the previous session around $2.31.

WTI crude oil hit a significant low of $68.25 around 24 days ago, but has since recovered 5.25%.