While Brent Crude Oil is on a 4 day bullish trend, Today's session might suggest a slow down — ICE Brent crude trades at $92.83 per barrel, after ending yesterday at $93.26.
United States Consumer Confidence is next today at 14:00 UTC.
ICE Brent crude's state is reflected by market data as United States Services PMI came out at 46.6, while a consensus of analysts was expecting 49.2. United States Composite PMI released yesterday at 13:45 UTC with a figure of 47.3, while the previous figure was 49.5. United States Manufacturing PMI released yesterday at 13:45 UTC with a figure of 49.9, while the previous figure was 52.
Meanwhile, mixed performances are seen in other Energy as Natural Gas is up 1.31%.
Furthermore, the market is looking at United States Crude Oil Inventories is projected to outperform its last figure with 200,000. It previously stood at -1.73 million; data will be released tomorrow at 14:30 UTC. United States New Home Sales (Sep) scheduled to come out tomorrow at 14:00 UTC. Today at 14:00 UTC data for United States Consumer Confidence will be released, with an expected decline to 106.5 from the preceding figure of 108.
Brent crude oil is now trading 27.77% below the significant high of $129.12 it set around 7 months ago.