Oil lower in early trading

Market news

25 July 2016

Oil lower in early trading

This morning New York futures for WTI were down 0.23% to $ 44.08 and Brent oil futures fell by 0.26% to $ 45.98 per barrel. Thus the black little changed, amid fears of traders with an excess of raw materials on the global market and lower demand for it among refineries. Also Baker Hughes oil rigs in US increase by 14 to 371.

Germany: IFO - Business Climate, July 108.3 (forecast 107.5)

Major stock exchanges open higher: FTSE 100 6,730.48 + 30.59 + 0.46%, DAX 10,166.62 + 19.16 + 0.19%

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