Eyes on $83.53 as WTI crude threatens to hit the highest since November

<p>A Friday afternoon is no time for a breakout but oil is going to be in focus next week, especially if the US dollar continues to retreat. The big level to watch is $83.53.</p><p>If that breaks, we're at the highest since November.</p><p>On the CPI front, year-over-year gasoline prices are now ticking higher in several US states, according to GasBuddy. If the Chinese and Indian economies get cooking, there's a good case for commodity inflation and that will make the Fed's job much tougher.</p>

This article was written by Adam Button at www.forexlive.com.