FXstreet.com (Barcelona) - Crude oil futures have lifted higher throughout the Asian session, extending gains made over the previous session. At time of writing the crude contract for July delivery, the most active future is bidding at $72.30 where it is slightly below the intraday high. Crude is benefiting today as new data indicates the world economic recovery remains strong, supporting robust demand in oil. What's more, a recent Department of Energy report showed inventories falling more than expected in the key delivery point of Cushing, Oklahoma. This morning, crude prices are further being buoyed by a recovering euro against the US dollar as the pair breaks past 1.2300 after threatening near 4-year lows earlier today. Oil N' Gold places the next resistance levels at $72.40 and later $73.30. On the downside, support levels are listed at $70.81 and then $69.91.

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