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Crude Recovers on Lower US Dollar

OIL

Front month crude has recovered from an intra-day low of $81.72/bbl supported by a sharp decline in the US dollar after the release of the US February ISM services PMI.

  • Brent MAY 24 down -0.3% at 82.53$/bbl
  • WTI APR 24 down -0.2% at 78.56$/bbl
  • ISM services see a small miss in Feb at 52.6 (cons 53.0) after 53.4.

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