- Analytics
- News and Tools
- Market News
- Oil fell
Oil fell
West Texas
Intermediate crude dropped to the lowest level in more than a week amid
speculation that the Federal Reserve will reduce economic stimulus.
Futures
fell as much as 0.8 percent. The Federal Open Market Committee will publish
minutes of a July meeting today, with 65 percent of economists surveyed by
Bloomberg forecasting the Fed will taper bond purchases next month. A
WTI crude
for October delivery slid 26 cents, or 0.2 percent, to $104.85 a barrel at
10:48 a.m. on the New York Mercantile Exchange. The contract traded at $104.75
before the release of the report at 10:30 a.m. in
Brent for
October settlement dropped 5 cents to $110.10 a barrel on the London-based ICE
Futures Europe exchange. Trading of futures was 9.2 percent below the 100-day
average. The European benchmark crude traded at a $5.25 premium to WTI. The
spread was $5.04 at yesterday’s settlement, the widest since June 28.
© 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
