Oil: an overview of the market situation

Market news

9 September 2014

Oil: an overview of the market situation

Oil extended its advance from a seven-month low before data forecast to show U.S. crude inventories fell. U.S. crude inventories probably fell by 1.5 million barrels last week to 358.1 million. Inventory report from the Energy Information Administration will be published tomorrow.

WTI for October delivery rose 0.59% to $93.13 a barrel on the New York Mercantile Exchange.

Brent for October settlement advanced 0.03% to $100.17 a barrel on the London-based ICE Futures Europe exchange.

European stocks close: most stocks closed lower for a third straight trading session

Foreign exchange market. American session: the Canadian dollar dropped against the U.S. dollar after the weaker-than-expected Canadian housing starts

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