Crude shows mixed performance in Asia on caution with Korea tensions

Crude shows mixed performance in Asia on caution with Korea tensions

On Thursday, crude prices demonstrated mixed performance in Asia, with market sentiment cautious due to recovering tensions on the Korean peninsula and traders waiting for regular data points on supply and demand worldwide.

In New York, September delivery crude futures were intact, sticking to $49.56 a barrel. Meanwhile, in London, Brent futures grew 0.06% being worth $52.73 a barrel.

Overnight, oil futures settled higher because market participants welcomed data showing a steep sag in US crude supplies, although revenues were capped by a sudden uptick in gasoline stockpiles.

Crude tried to reverse a two-day losing streak, following a report from the Energy Information Administration, which unveiled that oil stockpiles inched down by more than expected the previous week, pointing to a leap in refinery activity.

Inventories of American crude went down by approximately 6.5m barrels by August 4, ruining expectations of a draw of nearly 2.7m barrels.



ECB Meeting

Traders are impatiently waiting for the European Central Bank’s meeting on October 26…


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