Crude oil prices went up for two weeks in a row as the April contract hit just over $80 for the week. A strong Euro against the Dollar helped as a boost in manufacturing aided the rally. The U.S. Department of Energy reported figures that added to oil and gasoline inventories, but refineries reported running just shy of 80% capacity. This lent support to the bullish underlying tone and helped the market go up.

Consumer optimism is improving according to the oil traders and they brought that into play. Expect a pullback before prices continue higher.  The key is $76.70 as a price below could spark a sell-off as the bears would pay attention again.