The US Fed Funds Rate announcement and Press Conference will be at 21:00 MT on January 29.
Crude inches down in Asia following NKorea missile test
On Friday, crude went down in Asia right after North Korea tested another intermediate range ballistic missile over the Japanese island of Hokkaido in the newest tit-for-tat with America as well as its allies for pushing UN economic sanctions. Additionally, market participants looked ahead to the fresh weekly American rig count data.
In New York, October delivery crude futures sank 0.52% being worth $46.93 a barrel. As for London’s trade, Brent futures declined 0.29% trading at $55.10 a barrel.
Overnight, crude settled at seven-week maximum underpinned by a pair of reports suggesting that ascending global crude demand could potentially stem the glut in oil supplies.
Oil futures opened the trading session on the front foot leaping above $50 a barrel for the first time in five weeks because market participants kept cheering Wednesday’s International Energy Agency report, which unveiled that global crude demand in 2017 will rise by the most since 2015.
Events in Libya pushed the oil price up. So what's the strategy to benefit from it?
The oil prices experienced significant losses amid the US-Iran tensions at the beginning of the year. What's next?
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.
Australian Quarterly Private Capital Expenditure will be announced at 02:30 MT time on Thursday.
CB Consumer Confidence index will be announced at 17:00 MT time on Tuesday.