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