Oil slips on Monday as investors digest supply glut

Note: This section contains information in English only.
Source: WBP Online
Crude prices decreased, as traders tried to calculate a rebalancing point for oil after US rig count was reported unchanged on Friday. WTI futures fell 1.2% to$47.82 per barrel and Brent dropped 1.1% to trade at $48.19 per barrel. Both benchmarks ended previous week in the green and hit multi-month heights. In the meantime, Alexander Novak, Russian Energy Minister, announced, that global supply still exceed demand by 1.5 million barrels per day.
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Mon, 23 May 2016 11:10:24 GMT

Euro depreciates after PMI data on Monday

Euro Zone's composite and manufacturing PMI's were published on Monday and they disappointed, indicating at a weaker economy. Manufacturing PMI declined to 51.5 from 51.7 points and service PMI stayed at the same level of 53.1 points. The Euro declined to daily lows at 1.1210 against the US Dollar on the news.

Fri, 20 May 2016 15:01:04 GMT

US stocks open with gains on Friday

On Friday, major US equity markets opened in green, recovering some of the early losses. The Standard & Poor's 500 Index added 0.3%, opening at 2,046.00, whereas the Dow Jones Industrial Average Index grew 0.2%, starting at 17,478.00 points. In the meantime, the Nasdaq Composite Index rose 0.5% to 4,735.00 points.

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