Why US Crude Oil Stocks fell lower than expected

Crude oil stocks in the United States declined by 0.917 million barrels in the week ended June 17th, 2016, following a 0.933 million fall in the previous week and compared to market expectations of a 1.67 million drop. It is the fifth straight decline in oil inventories. Meanwhile, gasoline stocks rose by 0.627 million barrels after falling by 2.625 million […]

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Global Market Updates

U.S. futures are hugging the flatline as traders brushed off jitters related to the Brussels attacks and appetite for equities waned ahead of the long Easter weekend. “Generally, the impact of terror attacks has become less and less dramatic after 9/11,” said Bernard Aw, market strategist at IG in Singapore. With few major economic and corporate releases on this week’s […]

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