Commodity Online
Crude oil futures opened positive in the domestic front in the beginning session of the day, after a sharp fall in yesterday's session. 

US crude oil rose above $87 a barrel in the morning session due to an unexpected fall in US crude stock and ongoing tensions in the Middle East, recovering after a steep drop from a one month high on hopes of a truce between Palestine and Israel. 

MCX crude prices have crucial support of 4780, and resistance at 4850. Oil prices may be expected to trade in the mentioned range and can breakout to any sides that will give clear direction for coming sessions.