The WTI crude oil price on Thursday extended the mid-week gains towards the current multi-year highs of $82, reached on Monday. The light crude oil bounced off the 100-hour moving average on two occasions before finding resistance just below $81.50. The oil price continues to trade within a consolidative triangle formation in the 60-min chart. The WTI Crude oil also remains pegged close to the overbought conditions of the 14-hour RSI. WTI Crude Oil Fundamentals Overview: From a fundamental perspective, the light crude oil is trading at the back of a relatively busy period in the global markets. Optimism is returning ... (full story)