Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Brent slips below $83 after US data
Oil prices have been under a degree of downside pressure all and just now the price of Brent crude for July delivery fell to fresh session lows, underneath $83. To repeat once again, this is the final day of trading for the July contract and it seems that further position squaring ahead of the NYMEX settlement this evening continues to dictate the price action. That said we do have some important US inventory data due out later this afternoon from the EIA (at 2.30pm GMT). That is expected to show a draw on stocks of around 1.95 million barrels in the latest reporting week. That compares to a build of 1.85 million barrels last time. So, irrespective of the expiry today, a really big surprise from that inventory data could have an impact. Brent for July delivery is currently trading at $82.85
Market News
All News-
US stocks advance on the opening- Nasdaq 100 lifts above 19,800
The US stock markets have not long reopened for the first live trading session of the week and it has been a positive start. All three major indexes... -
US sales revision helps the Dollar off the lows- check out the EUR/USD now
Further to the previous two updates covering the market reaction to the latest sales data, it has emerged; that the January fall of 0.9% has now been... -
US equity futures get a lift from US data- check out the Nasdaq 100
Looking back at just what hit the screens from the US data releases just now, it seems that US equity futures have kind of warmed to all the numbers...
