Daily oil trading report from ODL Markets

Published on March 8, 2010 by oilprices · No Comments

The lower US Dollar helped push the price of oil higher, and Fridays better than expected non-farms increased confidence that the global economic recovery is in full swing.

Having traded over $82, we are at two month highs, so the next significant landmark is $84, sixteen month highs. Positive signs from China also increased traders confidence that the future looks positive.

08032010

Commodity	Level	Change
ICE BRENT CRUDE - APR 10	$80.64	+$0.75
ICE WTI - APR 10	$82.16	+$0.75
GASOIL – MAR 10	$653.75	+$2.25

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

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