European equity markets are expected to open a little higher on Thursday, with the FTSE rebounding from Wednesday’s declines helped by a similar rebound in oil prices overnight. Brent and WTI crude tumbled on Wednesday following the release of the EIA crude inventory data which reported a larger build in oil stocks than markets expected. … #forex. #forexfriendloan. #PMIDateinFocus. http://forexfriendloan.blogspot.co.uk/
A survey of the size of the Organization of Petroleum Exporting Countries oil, OPEC, the Organization decline in oil production for the first time since mid-year.And a little detail, the decline in OPEC production during the month increased by 270 thousand barrels per day, down from the official
Neil Hume, FT commodities editor, explains why oil has broken through $50 a barrel for the first time in 2016. He looks at rising demand in India, supply disruptions and slowing shale production, and assesses whether the higher price will hold.