Crude Oil Insights Uncategorized Oil, Gold, Euro – Market Snap shot, 22nd Feb, Monday Close, 23 Feb, Tuesday Open

Oil, Gold, Euro – Market Snap shot, 22nd Feb, Monday Close, 23 Feb, Tuesday Open

Euro USD

The Euro rose 0.2% to $1.3633, from a nine month low of $1.3444 on Monday.     Closing rate against the US$ on Monday $ 1.3626. Monday’s bottom at $1.3575.

 

Oil

Crude oil rose 66 cents to $80.47 a barrel, before falling back to just above $80. Oil fell from six-week highs to trade around $80 on Tuesday on account of forecasts for higher U.S. crude and gasoline stockpiles. Crude for March delivery climbed to a high of $80.51 a barrel in electronic trading on Globex, its strongest intraday level since mid-January. The contract was up 69 cents at $80.50 by late morning in Tokyo.                 

 

Gold

Spot gold hit an intraday high of $ 1130.65 an ounce on Monday. It rallied to its strongest in a month at $1,130.65 on Monday before falling as the dollar bounced against the euro. Gold held steady on Tuesday but hovered below a 1-month high hit the previous day. U.S. gold futures for April delivery added $2.2 an ounce to $1,115.3 an ounce.

 

Author: Jawwad