Sentiment was mixed following China’s RRR cut and ECB’s announcement that it was no longer accepting Greek government guaranteed debt. The greenback strengthened, partly driven by firm US data and partly due to weakened developments in its counterparts. In the commodity sector, crude oil slumped as US crude inventory soared to record high while distillate stockpile increased for the first time in 3 months.
Read the rest here:
Further Inventory Increase Weighed on Crude Prices
Leave a Reply
You must be logged in to post a comment.