Crude oil slips as US gasoline and distillate stocks gain |
|
Headlines Stronger greenback and cheaper crude push precious metals down China’s intention to cancel 4% export rebate sends zinc price higher Brent and Distillates Crude prices slipped more than 2 $/b on Wednesday as U.S. stocks satisfied investors and concerns eased that hurricane Dolly would hit oil installations and production in the Gulf of Mexico. U.S. crude stocks fell 1.6 mln.bbl. last week, i.e. above the consensus forecast for a decline of 700 kb. On the contrary, gasoline stocks rose
Filed under: Futures
Latest Posts
- Sentiment remains EUR/USD supportive
- Czech bond yields at all time lows
- EUR/GBP, USD/CAD, GBP/JPY Technicals
- US: Initial claims continued to trend down last week
- long nzdusd
- EUR/USD Strategy: SHORT 1 at 1.3175, Obj: 1.2375, Stop: 1.3015
- Eurodollar Future – December 2010
- Strategy for today: Short USD/JPY and USD/CHF
- Traders Await US Jobs Data
- The correction yesterday started in the European session
- Forex Technical Analysis on Majors
- Technical Summary for Majors
- Market Comment
- Daily Forex Overview
- USDJPY low trading range continues
No Comments! Be The First!