+1 (866)-882-6854
+ 44 203-807-1675
Chat
12:31:14 GMT
Black & White

JOHNNY FOX EXPLAINS OIL MARKET TODAY

Vodafone 192.225 12:30 05.12
Rio Tinto 3029.250 12:30 05.12
LLOYDS Bank 57.686 12:30 05.12
HSBC L 625.100 12:30 05.12
FTSE F-DEC16 6735.250 12:30 05.12
FTSE 100 6736.810 12:30 05.12
British American T 4343.000 12:30 05.12
Bp 462.830 12:30 05.12
Barclays 215.205 12:30 05.12
USD/NOK 8.40650 12:30 05.12
ATHENS 620.230 12:30 05.12
OIL-FEB17 (BRENT) 54.750 12:30 05.12
Tesco 211.455 12:30 05.12
NZD/CAD 0.94295 12:30 05.12
AUD/USD 0.74275 12:30 05.12
AUD/JPY 84.957 12:30 05.12
GBP/USD 1.27178 12:30 05.12
EUR/USD 1.06977 12:30 05.12
VTB BANK 0.068820 12:30 05.12
ROSNEFT' 350.925 12:30 05.12
METRO AG 28.150 12:30 05.12
SILVER 16.665 12:30 05.12
GOLD VS OIL 21.3282 12:30 05.12
OIL-JAN17(WTI CRUDE) 51.915 12:30 05.12
USD/CAD 1.33244 12:30 05.12
STOXX 50 F VS FTSE F 0.45221 12:30 05.12
EURO STOXX 50 F-DEC16 3045.500 12:30 05.12
EURO STOXX 50 3046.150 12:30 05.12
FTSE MIB F-DEC16 16932.500 12:30 05.12
GOLD 1167.720 12:30 05.12
X
We apologize for the inconvenience, registration from your state is disallowed.
Crude oil futures edged lower today, as investors looked ahead to the release of key U.S. economic data coming out later in the day to help assess the timing for a reduction in the Federal Reserve’s bond purchasing program. While October’s highly-anticipated non-farm payrolls report is scheduled for release tomorrow, leading many binary traders to set up longer expiry.

Oil traders are also awaiting the outcome of the ECB’s policy meeting later today. While no policy change is expected from the central bank, many investors expected the ECB to signal the possibility of further monetary policy easing at its meeting in December.

 

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at $94.70 a barrel during European morning trade, down 0.1%. New York-traded oil futures traded in a range between $94.55 a barrel, the daily low and a session high of $95.00 a barrel. The December contract rose to $95.40 a barrel on Wednesday, the highest since November 1, before settling at $94.80 a barrel, up 1.53%. Oil futures are likely to find support at $93.11 a barrel, the low from November 5 and resistance at $96.64 a barrel, the high from November 1.

 

Wednesday’s gains came after a government report showed that U.S. oil supplies rose less-than-expected last week, while gasoline inventories fell sharply. The U.S. Energy Information Administration said that crude oil inventories rose by 1.57 million barrels last week, compared to expectations for an increase of 1.63 million barrels. Total U.S. crude oil inventories stood at 385.4 million barrels, the highest since June. The report also showed that total motor gasoline inventories declined by 3.8 million barrels, compared to expectations for a drop of 338,000 barrels.

Share Button
Adam Stone
Follow me

Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
Follow me

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store