Crude Oil Insights Uncategorized Crude Oil outlook: Oil rises in Asia on data

Crude Oil outlook: Oil rises in Asia on data

US, China, Japan and Australia all had “growth” news and numbers with Australia even mentioning the “I” word. Crude oil NYMEX July futures trading between 74 and 75 per barrel.

Goldman cuts its Euro target to 1.15 on anticipated future euro “policy mishaps”. Three economic indicators and two policy rate decisions are due today including:

U.S. weekly jobless claims due at 1230 and U.S. April international trade.

Italy and France April industrial output and GDP for first quarter.

European Central Bank (ECB) and Bank of England June interest rate decisions.

 

Author: Jawwad