Daily oil trading report from ODL Markets

Published on February 17, 2010 by oilprices · No Comments

Crude rallied over 4% in trading yesterday following the extended weekend break in the US. As the Euro started pushing higher, the US Dollar fell, helping squeeze the price of oil higher. In the background, we also have escalating tension surrounding the potential for sanctions on Iran over their nuclear programme. Iran is OPEC’s second largest producer.

17022010

Commodity	Level	Change
ICE BRENT CRUDE – MAR 10	$75.96	+$0.26
ICE WTI – MAR 10	$77.29	+$0.34
GASOIL – MAR 10	$613.25	+$2.25

Tags: dollar, euro, markets, odl, oil trading, report, US

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