Crude oil rose as the dollar declined on speculation the Federal Reserve will act to revive the U.S. economy by buying bonds. Investors shrugged off data showing a bigger-than-expected build in US crude inventories. The Energy Information Administration said US crude stockpiles rose by 3.1 million barrels to 360.9 million barrels in the week ended October 1Now support for the crude is seen at 3669 and below could see a test of 3637. Resistance is now likely to be seen at 3732, a move above could see prices testing 3763.

Trading Ideas:

Crude trading range is 3637-3763.

Crude oil rose as the dollar declined on Fed speculation

Crude looks to test support at 3669 and resistance is seen at 3732.

EIA said US crude stockpiles rose by 3.1 million barrels to 360.9 million barrels