Crude goes down in Asia as focus shifts back to oversupply

Crude goes down in Asia as focus shifts back to oversupply

On Friday, crude prices edged down steeply in Asia because market participants shrugged off American inventory data and focused on an ongoing global supply glut.

August delivery crude futures went down 1.41% in New York, demonstrating $44.88 a barrel. At the same time Brent futures lost 0.96% in London, trading at $47.43 a barrel.

Overnight, crude futures managed to settle higher on Thursday, underpinned by data demonstrating that supplies of American crude went down by more than expected, thus relieving worries that American output would keep contributing to the glut in supply.

Crude prices eased from their peaks, though ultimately settled higher, following Thursday’s positive report from the Energy Information Administration. They bolstered a revival in crude prices from a 4% sink sustained in the previous session because both gasoline as well as crude stocks piles inched down more than expected.




Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera