Daily oil trading report from ODL Markets

Published on March 2, 2010 by   ·   No Comments

Oil pulled back from the $80 levels as traders mulled over mixed signals over the strength of the US economy.

Yesterdays manufacturing numbers showed output rose for a seventh straight month, albeit it fell short of expectations. Strength of the US Dollar also meant that oil struggled to surge past the psychological $80 level.

02032010

CommodityLevelChange
ICE BRENT CRUDE – MAR 10$76.98+$0.10
ICE WTI – MAR 10$78.73+$0.02
GASOIL – MAR 10$628.50-$5.00

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