• Oil price ties up with a third consecutive day of gains on Friday. 
• Traders are buying back into Crude with fears of recession abating. 
• The US Dollar Index trades at a pivotal level ahead of the weekend. 

Oil price is rallying over 4% in a three-day winning streak after the commodity was crushed by recession fears earlier this week. Traders are buying back into the Black Gold with an eventful calendar ahead next week and some supportive headlines for Crude prices, with Israel giving the green light for talks again with Hamas. Meanwhile, Yahoo! Finance has reported that an Indian company has received a waiver from US authorities to purchase Crude from Venezuela. 

The US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies, is playing with fire and might see its recovery efforts pointless. The DXY has attempted for a fourth straight day to close above a pivotal level and is, yet again, giving up on Friday. This could point to a more substantial US Dollar outflow and result in another leg lower for the Greenback against most major peers on the quote board in the coming week.  

At the time of writing, Crude Oil (WTI) trades at $75.19 and Brent Crude at $78.75