Daily oil trading report from ODL Markets

Published on March 1, 2010 by oilprices · No Comments

Oil is trading back over the $80 level as the US Dollar remained stable, and the US’s better than expected revised GDP numbers on Friday helped build confidence.

Further bullish news from Europe with regards to a stable jobs market has given market bulls reason to believe that the economic recovery will not pull back, and demand will not wane.

01032010

Commodity	Level	Change
ICE BRENT CRUDE – MAR 10	$78.40	+$0.84
ICE WTI – MAR 10	$80.47	+$0.83
GASOIL – MAR 10	$638.50	+$10

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

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