Thursday, August 11, 2016

Sentiments soured overnight after EIA reported an upside surprise to its crude inventories. News of Saud





FX Research
by Saktiandi Supaat


Oil Beats A Retreat





Sentiments soured overnight after EIA reported an upside surprise to its crude inventories. News of Saudi Arabia and Iran boosting their oil output also weighed. WTI slipped under the USD42-figure, last seen still waffling thereabouts. Brent closed around USD44 after falling 2% within the session. The DXY index remained on the slide amid declining expectations for a hike within the year...

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