Raiffeisen Repo-Index BASKET Do (RAI6P.SW)
| Previous Close | 97.01 |
| Open | 97.07 |
| Volume |
| Day's Range | 97.00 - 97.22 |
| 52 Week Range | 97.00 - 97.22 |
| Avg. Volume | N/A |
- Investing.com
Oil up, ignoring dismal stockpiles data to focus on less-aggressive Fed
It’s another to do so with blinkers on, as oil bulls demonstrated Wednesday, charging into higher territory by ignoring bearish U.S. inventory data and a Fed official’s caution that cooling inflation did not mean the central bank was ready to stop rate hikes. New York-based West Texas Intermediate, or WTI, crude settled up 92 cents, or 1.2%, at $75.75 per barrel. The U.S. crude benchmark is up 2.6% on the week, extending last week’s 4.6% rally.
- Investing.com
U.S. crude stocks jump almost 6M bbls last week; Most in 4 Weeks - EIA
U.S. crude oil inventories jumped by their most in four weeks as early summer demand for motor fuels appears to have peaked after weeks of heavy processing by refiners trying to ensure adequate supply to market, the agency responsible for national energy data reported Wednesday. Stocks of gasoline were flat from a week earlier and those of distillates surged their most in five weeks, the Weekly Petroleum Status Report from the Energy Information Administration, or EIA, showed. The U.S. crude inventory balance jumped by 5.946 million barrels during the week ended July 7, versus the 1.508M barrels draw during the prior week to June 30.
