Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
Brent crude spikes higher following greater than forecast US draw on stocks
The latest US weekly oil inventory data has just been released and it has shown a greater than forecast draw on stocks in the latest reporting period. Crude stocks have fallen by 4.65 million barrels compared to a forecast of 2.7 million barrels. So, oil prices jumped on this news. Brent for October delivery jumped rapidly towards $78 and consequently set a new session high in the process. It is just now trading at $77.94
Market News
All News-
USD/JPY on the drift lower again as markets wait nervously
Earlier this afternoon the USD/JPY dropped back below the 148 handle, basing out around 147.87. An attempt to rebound off that low has just now given... -
US stocks open in the red- check out the early price action in the Dow Jones
The US stock markets have just kicked off the new week and it has been a lower start to the day for the three major indexes. As noted here much... -
No sign of any rebound for the GBP/USD- Pound sets fresh session lows at 1.3060
The dollar was the best performing major currency on Friday and no wonder, because the US September Jobs data ensured a really positive weekly close...
