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US crude oil inventories drop more-than-expected

Note: This section contains information in English only.
Source: Investing.com
In its weekly report released on Wednesday, the EIA reported that US crude oil inventories dropped by 4.2 million barrels during the week ended May 20, following the 1.3 million-barrel increase seen in the previous seven days and surpassing the 1.7 million-barrel fall expected by analysts.
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25 May 2016

WTI and Brent trade higher by 15:20 GMT

West Texas Intermediate crude oil futures traded 0.86% higher at $49.04, whereas Brent futures jumped 1.30%, trading at $49.24 by 15:20 GMT on the New York Stock Exchange. On Wednesday, it was the first time since November 2015 that oil prices touched the $50 level.

25 May 2016

US trade gap widens less-than-expected in April

Official data from the US Department of Commerce showed on Wednesday that the country's trade deficit grew to $57.5 billion in April, compared to the $60 market forecast and following the $57.1 billion gap seen in the third month of the year. Exports of goods rose 2.4% to to $119.3 billion, whereas imports increased 1.9% to $176.8 billion in April.

25 May 2016

US preliminary PMI misses forecast in May

On Wednesday, financial agency Markit announced May's US preliminary Purchasing Managers' Index reading for the service sector. The Index dropped to 51.2 points, following the 52.8 result seen in the previous month, when it hit a three-month high, and missing the 53.0 market forecast.