Oil: an overview of the market situation

Market news

21 August 2014

Oil: an overview of the market situation

Crude oil rose as U.S. economic data pointed to stronger growth in the world's biggest oil-consuming nation. Existing home sales rose to a 10-month high, jobless claims slid more than forecast and a manufacturing index surged to the highest since 2010. This data are indicating that U.S. demand is looking strong.

WTI for October delivery rose 0.64% to $94.10 a barrel on the New York Mercantile Exchange.

European stocks close: stocks closed higher despite flash PMIs from the Eurozone

Gold: an overview of the market situation

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