FX & CFD trading involves significant risk
Oil prices are trading steady today. Brent Crude gained +0.01% trading at USD69.93 a barrel, and West Texas Intermediate lost -0.10% currently quoted at USD67.31 after an unexpected drop in U.S. inventories. After OPEC's decision to leave outputs rates at 30 million barrels a day despite a 40% drop in oil prices over 5 months the markets remain volatile. Markets await the outcome of today's ECB meeting in Frankfurt and important U.S. data on initial jobless claims and the unemployment rate in Friday to get an indication on further stimulus in the Eurozone and when the FED will raise interest rates.
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