Oil slips further, awaits US inventory data

Source: The Wall Street Journal
Crude oil prices dipped lower extending losses from the previous session amid growing worries over an excess of supply and with US inventory data expected to reveal another rise in crude stockpiles. WTI futures for December delivery dropped $0.58 to trade at $43.40 per barrel, whereas futures for Brent for December delivery were down $0.40 trading at $47.14 per barrel. Oil prices have fallen for two weeks in a row, pushing the prices of other energy products also lower. 
Back to articles

Actual Topics

Thu, 29 Oct 2015 09:54:05 GMT

Oil prices lower after recent surge

Crude futures dropped on Thursday, as traders are taking profits after the massive rally in the previous session driven by the second smallest growth in the US stockpiles in the past five weeks. Futures for WTI declined 1.37% to trade at $45.32 per barrel, while Brent futures slipped 1.2% to $48.46 per barrel by 08:35 AM GMT. On Wednesday, both

Tue, 27 Oct 2015 09:22:41 GMT

EUR/GBP at £0.72 ahead of UK GDP release

The currency pair was seen at its two-month low and an additional decrease is expected in case the economic output of the UK meets forecasts. During the European morning session there was minimal volatility and the cross consolidated at around £0.72. Later today, the preliminary UK GDP estimate for the third quarter is due and is expected to be down

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.