Yesterday the rebound in the price of November Brent crude to above $94 per barrel did not last and as the US and European equity markets fell, the price of Brent dropped back towards $93, from an earlier session high at $94.25. Brent later settled pretty much unchanged on the NYMEX, just $0.02 higher, at $93.29. However, it has fallen back today and heading closer to the $92 handle as the US stock futures turn red and a lower opening here in Europe looks likely in a few minutes. The low seen so far has been set at $92.25 and it is not much above there right now. Also, to note here; that very shortly the November contract will expire and the price on the platform is already quoting the December contract which is currently below $91. Meantime, November Brent is just now at $92.43
Another important number for the EUR/USD to focus on at 3pm GMT
Leaving aside the latest ISM data due out shortly, there is also another important release due out at the same time. That is the latest JOLTS, job...
US stocks open lower- Dow Jones drops back closer 36k
The US stock markets have just reopened and it has been a negative start to the session. That might change as the afternoon unfolds and as already...
Nasdaq 100 futures still in the red as ISM awaits
The US stock markets will soon reopen for live trade and ahead of that opening the Nasdaq 100 futures are still in the red this afternoon. Even after...