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OIL: Crude Erases Earlier Intraday Gains

OIL

WTI has erased earlier gains and moved to rangebound on the day, as operations restart in the USGC after Hurricane Francine.

  • WTI OCT 24 down 0.2% at 68.85$/bbl
  • USD Index down 0.32% at 1226.03
  • However, crude is set for gains of around 1.8% on the week on bolstered risk sentiment, supported further by a weaker US dollar
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WTI has erased earlier gains and moved to rangebound on the day, as operations restart in the USGC after Hurricane Francine.

  • WTI OCT 24 down 0.2% at 68.85$/bbl
  • USD Index down 0.32% at 1226.03
  • However, crude is set for gains of around 1.8% on the week on bolstered risk sentiment, supported further by a weaker US dollar