Oil futures drop on new data release on Friday

Source: WBP Online
Crude fell from its 2016 heights reached on Thursday because of a huge inventory build-up in Cushing, Oklahoma where bases itself one of the top delivery hubs. Stockpiles there grew by nearly 550,000 barrels and it offset positive outlook given by International Energy Agency. WTI Futures fell 0.8% to $46.33 per barrel and Brent slipped 0.7% to $47.76 per barrel.
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Fri, 13 May 2016 09:04:14 GMT

EUR/USD plunges as EU GDP data looms

The Euro traded cheaper against the dollar during the session on Friday, sliding by 0.25% to show $1.1350, and volatility is anticipated during the rest of the session, as EU GDP data comes out. The initial price drop was evoked by the data release on German inflation and GDP figures, conveying mixed signals about the economic health of Eurozone's largest

Fri, 13 May 2016 08:21:24 GMT

Germany's GDP grows more than expected

Euro zone's country with strongest economy grew at the start of 2016 more than forecasted by analysts. German quarterly gross domestic product seasonally adjusted grew 0.7%, while predictions were at 0.6% increase of GDP. European Commission's Spring Economic Forecast shows future growth in Germany at 1.6% in 2016 and 2017.

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