Commodity traders stay bullish as Brent crude adds 92 cents or 1.21%

Yesterday at a glance: Brent Crude Oil ended Thursday at $76.26. yesterday it went up to $77.35 only to drop back, yet still managed to close at $77.18 per barrel.

On the flip side, data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

At the same time, 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 Brent crude oil's price coincides with other Energy as Crude Oil went up by 1.45% yesterday, and closed at $72.87. Heating Oil ascends 1.24% yesterday and closed at $2.35.

Though ICE Brent crude is going up, other Energy are underperforming — Natural Gas is down to $2.2, losing 10.9 cents, after ending the previous session around $2.31.

After hitting an important low of $72 approximately 24 days ago, Brent crude oil has bounced back 5.93% since.