![Weekly oil chart](https://images.forexlive.com/images/Weekly%20oil%20chart_id_38063d7a-d3c6-4f54-9109-e294a50afc45_size900.jpg)
WTI crude oil settled at $89.01, up 47 cents on the day.
That’s a win for the bulls but certainly not the kind of bounce they were hoping for after yesteday’s breakdown below $90. It wasn’t all bad news though as crude showed some life after a drop to as low as $87.01.