Oil Prices Remain Firm Although Economic Data Disappoints
napara111Market sentiment was dampened amid weaker-than-expected economic data from the US and the Eurozone. Wall Street slipped with DJIA and S&P 500 losing -0.21% and -0.33% respectively. Oil prices remained firm with the prompt month contract for Brent crude surged to as high as 123.23 before settling at 122.9, up +1.02% while the equivalent WTI crude contract closed largely flat as investors were disappointed by the rises in oil inventories. Gold soared for a second consecutive day rising to a 3-month high of 1783.4 before ending the day at 1771.3, up +0.73%.
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Oil Prices Remain Firm Although Economic Data Disappoints
