Oil prices rose today to their highest since 12/30 as prices recover from last week’s sell off. Hopes are rising for an improved economic outlook and all eyes will be on tomorrows CPI number. This bullish sentiment outweighed a much larger than expected build in crude inventories today. “Energy traders should get used to seeing oil prices head higher. Oil demand is coming back and expectations are high that China’s demand is about to skyrocket,” said Edward Moya, senior market analyst at data and analytics firm OANDA. WTI traded up $2.29 or 3.1% to close at $77.41. Brent traded up $2.57 or 3.2% to close at $82.67.