Yesterday's upbeat market sentiment sees ICE Brent crude gain 1.21%

Yesterday at a glance: after ending Thursday at $76.26, Brent Crude Oil went up to $77.35 only to drop back, yet still traded well overall and closed at $77.18 per barrel yesterday.

Nevertheless, Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 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 ICE Brent crude's price coincides with other Energy as Crude Oil added 1.45% and closed around $71.83 yesterday. Notably, Heating Oil rose 1.24% yesterday and closed at $2.35.

While Brent crude oil is appreciating, other Energy are comparatively not doing so well — Natural Gas descends 4.72% yesterday and closed at $2.31.

ICE Brent crude hit a significant low of $72 around 24 days ago, but has since recovered 5.93%.