WTI edged closer to $82 a barrel following a boost in investor confidence, and a fall in the US Dollar Index. Signs of improving conditions in US and Chinese manufacturing helped spur buyers in to the oil markets, as we look to continue the four week rally in the price of oil. The price has rallied circa 15% since mid December.

Crude

Crude Oil

COMMODITY

LEVEL

CHANGE

ICE BRENT CRUDE - FEB 10

$80.57

+$0.48

ICE WTI - FEB 10

$81.87

+$0.38

GASOIL - JAN 10

$662.25

+$8.50

Market News

  •  Analysts are pointing towards a cold weather snap being one of the drivers behind the recent oil rally
  •  Please note that we have the weekly oil inventories scheduled for release tomorrow
  • Please note that we have the non farm payroll figures scheduled for release on Friday

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