Crude oil advanced after encouraging US data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures except for natural gas moved higher on Thursday amid positive signals from the US economy. US durable goods soared in September while jobless claims fell last week. However, a boost was partly offset by slower than expected increase in pending home sales and a buildup in the US crude oil inventories last week.

Crude oil eased up on bullish data from the US. However, a recent increase in the US crude oil inventories capped gains of the commodity.

Brent oil gained a footing after encouraging US data. The commodity also continued to seek support on escalated tensions in the Middle East.

Natural gas plummeted to three-week low after the EIA report indicated that natural gas storage jumped by 67 billion cubic feet last week. US inventories stood above the five-year average last week.

Heating oil moved in tandem with crude and Brent oil, jumping by 0.75%. Heating oil was also lifted by falling US inventories.


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