Crude Oil looking to firm up a bounce from $76

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• WTI prices are up for Friday, but Crude Oil remains significantly down from recent highs.
• Market fears about declining demand have replaced fears of spill-over from Gaza Strip conflict.
• Friday bidding likely a spot of profit-taking rather than outright reversal.

West Texas Intermediate (WTI) Crude Oil prices have rebounded 2.8% on Friday, climbing from a daily low of $75.35 and testing into $77.50 heading towards the close after a rough week that has seen WTI shed 8.61% peak-to-trough.