Crude Oil trades at $79.35 per barrel, after ending yesterday at $78.87.
United States ADP Nonfarm Employment Change (Jan) is next today at 13:15 UTC.
This uncertain state for WTI crude is reflected by published market data as highly important Consumer Confidence data from United States beat analyst expectations of 109 with a reading of 107.1. United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of 6.33 million, while the previous figure was 3.38 million. United States Chicago PMI (Jan) came out at 44.3, while a consensus of analysts was expecting 45.
Meanwhile, mixed performances are seen in other Energy as Heating Oil trades close to $3.2, with no major change. Natural Gas trades around $2.71, with no major change.
Furthermore, the market is looking at projections for United States Crude Oil Inventories are set for a continuation of decline with 376,000 while previous data was 533,000; data will be released today at 15:30 UTC. United States ADP Nonfarm Employment Change (Jan) will be released today at 13:15 UTC. United States Interest Rate is expected today at 19:00 UTC.
After hitting an important low of $71 approximately a month ago, WTI crude oil has bounced back 11.05% since.