Crude continues to trade above the $80 level as investors waited for a raft of economic data scheduled to be released over the next 48 hours. Yesterdays weekly inventories showed a build of 4.1mn barrels, well above the anticipated 1.1mn barrels. Despite this build, a weakening Dollar helped keep the price buoyant.

oil_4_3_10

Crude Oil

Commodity

Level

Change

ICE BRENT CRUDE - MAR 10

$78.77

-$0.48

ICE WTI - MAR 10

$80.47

-$0.38

GASOIL - MAR 10

$

$

Market News

  • Eurozone GDP rose by 0.1% in Q4 2009, in line with expectations
  • Analysts generally anticipate that UK Interest Rates will be left unchanged at 0.5%
  • The Australian trade deficit narrowed to -AUD$1.2bn in overnight data
  • Please note that non farm payroll figures are scheduled for release tomorrow

Major Economic News

TIME

MARKET DATA

1245

ECB INTEREST RATE DECISION