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- Nov, 20 USD Graphic Rewind
- Nov, 20 Opening Comment
- Nov, 20 Overnight Interest Rate Update 11.19.09
- Nov, 19 Japanese Yen Benefits on Risk Aversion, New Zealand Dollar Falters
- Nov, 19 U.K. Public Budget Posts Highest Short-Fall Since 1993
- Nov, 19 Overnight Interest Rate Update 11.19.09
- Nov, 18 Swiss Franc Strengthens on U.S. Dollar Weakness, British Pound Falters
- Nov, 18 Canadian Consumer Prices Expand for the First Time in 5 Months
- Nov, 18 Opening Comment
- Nov, 18 Overnight Interst Rate Update 11.18.09
- Nov, 17 British Pound Remains Bid, Canadian Dollar Underperforms
- Nov, 17 U.K. Inflation Tops Forecast
- Nov, 17 Overnight Interest Rate Update 11.17.09
- Nov, 17 USD Graphic Rewind
- Nov, 16 Canadian Dollar Outperforms, Japanese Yen Lags Behind
- Nov, 16 Euro-Zone Consumer Prices Weaken For Fifth Month in October
- Nov, 16 Overnight Interest Rate Update 11.16.09
- Nov, 13 US Confidence Falls for Second Month
- Nov, 13 Overnight Interest Rate Update 11.13.09
- Nov, 13 German GDP Posts 2nd Quarterly Advance; Rises to 0.7%
Crude's initial strength spurned on by dollar weakness saw a further lift as the Department of Energy weekly inventory figures posted declines across the board. Stockpiles of crude oil, forecast to have gained 1.5 million barrels in the week ended October 30, unexpectedly drpped nearly four million barrels. Gasoline and Distillate inventory, meanwhile, also declined by 287,000 and 378,000 respectively. The release marks the first decline in four weeks for crude stockpiles, while traders have returned to buying the commodity following a recent dip below $77. Ultimately this bodes well for exporting nations and the Canadian "Loonie" has strengthened 250 pips to 1.06 from a recent low of 1.085. Looking ahead, the Wall Street Journal reported news that the IEA may slash heavily its long-term forecast for oil. While this has implications for the future of the commodity, action for the remainder of the trading session and week will largely be guided by the Federal Reserve and other Central Bank Meetings and the resulting consequences they may have on the greenback.
Crude Oil Intraday Chart
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