Author: RubenVesely

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Trump applauds Fed’s move to slash interest rates and says investors ‘should be very thrilled’

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China factory activity shrank at its fastest rate on record in February

Crude oil reversed losses after US market closed as API data showed that US inventory fell more than expected. Both benchmark contracts hovered above US$50/bbl in Asia Wednesday. Market sentiment today, as well as in the US session Tuesday, was relatively upbeat as more EU referendum polls showed that support for the “remain” camp outweighed that for the “leave” camp.

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Inventory Decline Triggered Rebound in Crude Oil Prices