Daily oil market report from ODL Markets

Published on February 22, 2010 by oilprices · No Comments

The falling US Dollar has helped push the price of oil back over the $80 level, as traders will now look to see if we can breach the $83 highs of January 2010.

Oil is now up by 12% over the past fortnight, and we are now trading at six week highs as investors eye bullish momentum from recent signs of a global economic recovery.

Commodity	Level	Change
ICE BRENT CRUDE – MAR 10	$78.30	+$0.12
ICE WTI – MAR 10	$80.21	+$0.16
GASOIL – MAR 10	$637.75	+$7

Tags: market, markets, odl, oil, report, traders

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