On Wednesday trading session oil resumed upward movement, after slight decline of the quotes during american session on Tuesday.
After slight correction oil price resumed upward movement.
On Tuesday oil was traded with tangible volatility, but eventually closed the day with minimal fluctuation in relation to the opening price.
On Friday oil was traded very mixed and with high volatility, having closed the day in the red eventually.
Decline of the major equity indices, pessimistic forecasts of ECB and weak statistics from China impose pressure on oil market on Friday.