Daily oil trading report from ODL Markets

Published on February 24, 2010 by oilprices · No Comments

Oil pulled back from the $80 level despite the API reporting that inventories dropped last week, which indicates larger demand.

Crude inventories fell 3.1mn barrels last week, whilst analysts had expected a drop of 2mn. All eyes will now turn to the weekly oil inventory release this afternoon, and the start of the two day testimony from Bernanke to the Senate.

24022010

Commodity	Level	Change
ICE BRENT CRUDE – MAR 10	$77.11	-$0.14
ICE WTI – MAR 10	$78.75	-$0.10
GASOIL – MAR 10	$625.75	-$3.00

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

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