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Can Brent crude make it three days in a row as it pushes towards $63

Since falling to exactly $58.50 during the Asian session on Monday, Brent crude has been on the rebound. It closed higher than that later on Monday and it did the same yesterday. Brent rose close to $62.80 by the time of the European close. It later settled $1.92 higher on the NYMEX exchange last night, at $62.15. The price action today has seen it push higher from that level and of course the news of the US meeting with China in Switzerland this weekend has helped to buoy oil prices today. Hence, Brent has lifted to a new high on the week, as it approaches the $63 per barrel handle. The high seen so far has been set at $62.89. Brent for July delivery is close to that now, currently trading at $62.84
 

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