- Analytics
- News and Tools
- Market News
- Oil fluctuated
Oil fluctuated
Oil fluctuated as economic reports from the U.S. and China signaled that growth may be slowing and as the euro strengthened against the dollar.
Prices traded near the lowest level in eight months as orders to U.S. factories unexpectedly fell in April and China’s non-manufacturing industries expanded at the slowest pace in more than a year in May.
U.S. factory orders dropped 0.6 percent in April after a revised 2.1 percent decrease in March, the first back-to-back declines in more than three years, figures from the Commerce Department showed today in Washington. Economists projected a 0.2 percent.
China’s purchasing managers’ index for non-manufacturing industries fell to 55.2 in May from 56.1 in April, the National Bureau of Statistics and China Federation of Logistics and Purchasing said yesterday in Beijing. That’s the lowest reading since March 2011, when the federation started seasonally adjusting the data.
Oil for July delivery traded at a range of $81,21 - $83,73 a barrel on the New York Mercantile.
Brent futures for July settlement declined 89 cents, or 0.9 percent, to $97.54 a barrel on the ICE Futures Europe exchange in London.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
