Despite the Dollar moving higher, oil maintained its current levels following API data showed domestic crude stocks rose more than expected. Stocks rose by 7.5mn barrels, much higher than analysts had anticipated. All eyes will now turn to the more widely watched EIA weekly inventories.

Oil

Crude Oil

Commodity

Level

Change

ICE BRENT CRUDE - MAY 10

$79.98

-$0.72

ICE WTI - APR 10

$81.12

-$0.77

GASOIL - APR 10

$664.25

-$6.00

Market News

  • The Euro is at the forefront of investors thoughts as it hit one-month lows against major currencies following talk that Germany and France are keen to bring in the IMF in to the Greek bailout.
  • The two day EU summit in Brussels starts tomorrow, and as we near these talks, we are still no clearer on how the eurozone states plan to help the Greeks.

Major Economic News

TIME

MARKET DATA

1430

Weekly Crude Inventories