Brent falls on falling automobile demand last month

Source: Bloomberg
The European benchmark Brent crude slightly declined on Wednesday trading session with the WTI-Brent spread narrowing as stockpiles in Cushing, Oklahoma, slipped to the lowest level in two years and motor vehicle orders jumped 3.6% in February. Brent for delivery in May slipped 2 cents to $106.97 per barrel on the London's ICE Futures Europe exchange.

Back to articles

Actual Topics

Thu, 27 Mar 2014 06:18:05 GMT

Treasuries gain after today's auction

U.S. Treasuries increased on Wednesday rising by the most in nearly two weeks as demand for the safe-haven five-year government notes boosted in today's auction on continued geopolitical tension in Ukraine. The benchmark 10-year government bonds yielded five basis points lower at 2.70% by 3:44 p.m. New York time, the largest fall since March 13.

Wed, 26 Mar 2014 19:01:03 GMT

WTI rises as stockpiles in Cushing drop

West Texas Intermediate crude increased on Wednesday trading session after an industry report showed that inventories in Oklahoma's Cushing declined towards the weakest level in eight weeks and as automobile demand advanced by the most in 12 months. WTI for settlement in May gained as much as 63 cents to $99.82 per barrel as od 10:36 a.m. pm the NYMEX.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.