Oil Flat Due to Higher Inventory
via MarketPulse:
West Texas Intermediate traded near the lowest price in almost six months and at the steepest discount to Brent since March, as crude stockpiles rose for a 10th week in the U.S., the world’s biggest oil consumer.
Futures were little changed in New York after declining 1.5 percent yesterday, the most in two weeks. Crude inventories climbed by 2.95 million barrels to 391.4 million, the highest level since June, Energy Information Administration data show. Supplies were forecast to increase by 750,000 barrels, according to a Bloomberg News survey. Oil’s moving averages have formed a “death cross,” a bearish technical signal.
via Bloomberg
The post Oil Flat Due to Higher Inventory appeared first on MarketPulse.
For more info: Oil Flat Due to Higher Inventory
Oil Flat Due to Higher Inventory
The post Oil Flat Due to Higher Inventory appeared first on FX FOREX.
via WordPress http://www.evvi.net/3026/forex/oil-flat-due-to-higher-inventory.html
Forex, commodities, forex, forex news round up
Nessun commento:
Posta un commento