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The cost of oil rose today, while rising above $ 109 a barrel, recovering after four days of losses. Economists also note that growth prospects muted demand and concerns about weakening limited rise in oil prices.
We add today the Ministry of Labour will present another positive sign for the U.S. labor market, published a report showing that the number of initial applications for the first time for unemployment benefits unexpectedly fell in the week ended March 9.
The report shows that for the week of March 10, the number of applications for unemployment benefits fell to 332,000, which is 10,000 less from the previous week's revised figure 342 000.Padenie surprise to economists, who had expected that the number of applications for unemployment benefits increase to 355,000 from 340,000, which was originally reported last week. The number of repeat orders decreased from 3.113 million to 3.024 million vs. 3.100 million
We also add that the pressure exerted on the oil comments central bank to stabilize inflation expectations, which raised concern that he may refuse to stimulate economic growth, before recovering attains full speed.
Further, the current data showed that during the week on March 8, reserves of natural gas in the U.S. fell by 145 billion cubic meters. feet, according to an EIA. A week earlier the index noted a decline of 146 billion cubic meters. feet.
April futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 92.69 dollars a barrel on the New York Mercantile Exchange.
April futures price for North Sea petroleum mix of mark Brent rose $ 1.33 to $ 109.77 a barrel on the London Stock Exchange ICE Futures Europe.
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