8:10 AM · 27 December 2019

OIL highest in 3 months

Friday brings many rallies with US futures at all-time highs, DE30 opening higher and EURUSD rallying from a support. Oil market isn’t staying behind with Brent price up 1.3% just today and testing $67 for the first time since September. Oil has been rallying sharply since the OPEC meeting early in December and the move was boosted yesterday with a very bullish API report (showing a major inventory draw). The DOE report on inventories is the main release today, scheduled for 5pm GMT.

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Commodities

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