Daily oil trading report from ODL Markets

Published on February 18, 2010 by oilprices · No Comments

Crude traded lower as the US Dollar rallied. The move out of the Euro and the Australian Dollar helped push up the Dollar Index, as traders sought the relative safety of the greenback.

Having rallied hard on Tuesday, some profits look to be have taken, so we are looking to see if the weekly inventories will push oil back below the $75 level, or will we be propelled back towards the $80 mark?

18022010

Commodity	Level	Change
ICE BRENT CRUDE – MAR 10	$75.47	-$0.80
ICE WTI – MAR 10	$76.62	-$0.66
GASOIL – MAR 10	$610	-$0.75

Tags: daily, markets, odl, oil, report, trading

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