Daily Oil Report Wednesday 17th March 2010

By IBTimes Staff Reporter | March 17 2010 9:31 AM

A big day for oil as we have a raft of data that may affect future movements. Looking at the wider economic environment, today's PPI numbers will give us a clearer idea of the health of the US economy, and looking towards the oil markets per se, we have the weekly oil inventories, plus the OPEC meeting in Vienna.

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Crude Oil

Commodity

Level

Change

ICE BRENT CRUDE - APR 10

$81.40

+$0.88

ICE WTI - APR 10

$82.49

+$0.80

GASOIL - MAR 10

$677.25

+$5.25

Market News

We await news from the OPEC meeting re production levels
Unemployment data released in the UK this morning showed that Britons claiming benefits fell by the biggest amount since 1997 - a 33,000 fall
Both the US and the Japanese left interest rates unchanged overnight
The IMF Chief has said that the Yuan is 'much undervalued'

Major Economic News

TIME

MARKET DATA

1430

Weekly Oil Inventories

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