Free Trial
AUDUSD TECHS

Bullish Conditions

CANADA

Scotiabank See Above Consensus CPI Inflation

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
US OIL CLOSE
US OIL CLOSE: NYMEX October light sweet crude oil futures settled down $0.48 at
$45.96 per barrel, after trading in a $45.84 to $46.72 range. Tuesday's low of
$45.76 was the lowest since July 24, when the front contract posted a low of
$45.40.
- West Texas Intermediate again closed below its 55-day moving average,
currently at $46.63, which did not bode well for near-term recovery.
- Crude took little comfort also from EIA data, released Wednesday, showed a
crude stock draw of 5.4 million barrels in the latest week.
- While oil prices remained on the defensive as the market awaited better
estimates of the damage from Hurricane Harvey, gasoline prices kept creeping
higher.
- The AAA National Fuel Gauge put the cost of regular unleaded gasoline at
$2.404% per gallon Wednesday, which compared to $2.378 Tuesday, $2.344 a week
ago, $2.313 a month ago and $2.218 a year ago.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.