Downward move in the oil market shows no signs of stopping. Decline in demand caused by the coronavirus outbreak is accompanied by rising supply in Russia and Saudi Arabia creating a very poor mix for the prices. WTI trades over 6% lower today and nears the $25 mark, a level not seen since the turn of 2001 and 2002.
WTI broke below the low from early-2016 today and trades at the lowest level since the turn of 2001 and 2002. Source: xStation5
EIA Crude OIL US inventories change: -5.07M (Forecast-1.41M, Previous -1.844M) EIA Gasoline inventories: 2.36M (Forecast, -1.03M Previous:...
15:27Futures on Germany's DAX (DE40) continue its rapid rise, which has now continued uninterrupted for 5 sessions in a row. The breakout of historic highs,...
15:00US ISM Services (prelim for November) came in 52.1 vs 55.7 exp. and 56 previously ISM Prices Paid: 58.2 (Forecast 57, Previous 58.1) ISM Employment...
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