TeleTrade - Analytics

TeleTrade

719.00 6.50/10
57% of positive reviews
Real

04.08.2015 07:00 Oil prices rebounded slightly, but remained below $50

West Texas Intermediate futures for September delivery rebounded to $45.46 ( 0.64%), while Brent crude climbed to $49.68 ( 0.32%) after yesterday's sharp declines, which were triggered by weak U.S. data.

A report by the Institute for Supply Management showed that activity in the industrial sector of the U.S. economy weakened sharply despite forecasts of a slight improvement. The ISM manufacturing index fell to 52.7 in July from 53.5 reported previously. The index was expected to come in at 53.6.

Intensive oil production in OPEC and the U.S. continues to keep prices under pressure.



To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree