Investing.com - Crude oil futures were higher during the Asian session on Wednesday.
On the New York Mercantile Exchange, Crude oil futures for June delivery traded at USD58.47 a barrel at time of writing rising 2.46%.
Earlier, it traded at a session high USD59.33 a barrel. Crude oil was likely to find support at USD56.07 and resistance at USD59.33.
US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.90% to trade at USD95.33.
Elsewhere on the ICE, Brent oil for June delivery rose 1.49% to trade at USD65.60 a barrel, with the spread between the Brent oil and Crude oil contracts stood at USD7.13 a barrel.
On the New York Mercantile Exchange, Crude oil futures for June delivery traded at USD58.47 a barrel at time of writing rising 2.46%.
Earlier, it traded at a session high USD59.33 a barrel. Crude oil was likely to find support at USD56.07 and resistance at USD59.33.
US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.90% to trade at USD95.33.
Elsewhere on the ICE, Brent oil for June delivery rose 1.49% to trade at USD65.60 a barrel, with the spread between the Brent oil and Crude oil contracts stood at USD7.13 a barrel.