Sunday, 12th February 2012
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Daily oil market report from ODL Markets
Published on February 19, 2010 by oilprices · No CommentsYesterdays oil inventories showed crude stocks rise by 3.1mn barrels last week, higher than analysts’ expectations of 2.2mn barrels.
News of the surprise rate hike in the US meant that the Dollar gathered strength, pushing oil lower. Once again we see the price challenging the $80 level, so one needs to see if it breaks this level, or retreats back to sub $75.
| Commodity | Level | Change |
| ICE BRENT CRUDE – MAR 10 | $76.72 | -$1.02 |
| ICE WTI – MAR 10 | $78.04 | -$1.03 |
| GASOIL – MAR 10 | $620.25 | -$4.25 |
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