Daily oil trading report from ODL Markets

Published on March 11, 2010 by   ·   No Comments

Oil continued to trade above $80 following yesterday’s weekly inventories. Data showed that crude inventories grew, but analysts are now concerned that as the economic stimulus plans expire, we may see demand falling. Last night’s Chinese CPI data came in at 2.7% sparking inflationary fears..

11032010oilprice

CommodityLevelChange
ICE BRENT CRUDE - APR 10$80.19-$0.28
ICE WTI - APR 10$81.80-$0.25
GASOIL – MAR 10$660.25-$4

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