Brent, U.S. crude flat on light U.S. Thanksgiving trade By Reuters | Thu, 26th November 2015 - 03:56
SINGAPORE (Reuters) - Brent and U.S. crude oil futures were nearly flat on Thursday on light trading due to the U.S. Thanksgiving holiday.
U.S. crude's West Texas Intermediate (WTI) futures had risen 16 cents, or 0.37 percent, to $43.20 a barrel as of 0337 GMT. They finished the previous session up 17 cents, or 0.4 percent, at $43.04 a barrel.
Brent edged up 3 cents, or 0.06 percent, to $46.20 a barrel. It settled up 5 cents, or 0.11 percent, at $46.17 a barrel the day before, after falling more than $1 to a session low $45.03.
The flat to slightly positive moves in benchmark prices appear to be in line with sideways trading for the dollar index <.DXY>, said Ric Spooner, chief market analyst at CMC Markets in Sydney, after a few volatile sessions.
The index, which measures the greenback against a basket of currencies, was down around 0.07 percent in late morning trade, after touching an eight-month high earlier. The euro also recovered after touching a seven-month low.
U.S. crude edged higher earlier in the day, supported by a smaller-than-expected build in U.S. inventories. Stocks rose 1 million barrels in the week to Nov. 20, the ninth consecutive week, compared with analyst expectations for a 1.2 million barrel rise, according to the U.S. Energy Information Administration. [EIA/S]
Analysts say U.S. crude was also boosted by a fall in oil rigs, a sign that drillers were waiting for higher prices before returning to the well pad. Drilled cut rigs for the 12th week in the last 13, data from services company Baker Hughes showed.
Asian stocks advanced on Thursday as the euro remained under pressure on growing bets that the European Central Bank would deliver further stimulus steps. Those expectations come even as the U.S. Federal Reserve looks set to raise interest rates. U.S. markets will be closed Thursday and most of Friday afternoon.
lol stis....erm no! Only playing with smaller amounts, keeping the retirement pot safeguarded and well away from share purchases :)
Rob, someone (who had been 'stalking' property for years as I later found out!) called in and asked if I wanted to sell. The price is right, come on down, so have moved out! That's us set up now, so long term share holds are for the kids :)
Got 10 years or so until a University 'drain' is required, so will MAGP have been sold by then lol
Great stuff and what a stroke of luck selling the business, house and all, huge liquidity now but be causious with it because it is more easily spent than made, as you very well know, good luck with your investments and hold plenty for a rainy day.
Though have sold the rental cottages, had done them up to a shell, then someone offered me big bucks for house and cottages, so have just moved out!! Hence, I have a little more time on hands, upgraded to a red rosette and hoping to do a bit of hobby trading from now on.
Wooohoo (ships whistle) welcome back aboard Admiral Iamhoping Sir (salute)......the ship is in prestine condition and ready to set sail, most of the crew are on shore passing their time philandering while we wait, even Frankie's cabin has been eradicated of the stench, woodworm and dryrot and is now freshly painted ready for action.
The crew have done a grand job holding the SP steady while fighting running battles with the MM's and the POO which is beyond our control, even the BOD have embarked on a Maggie changing 10 well drill program to help boost the production and the MC (but you already know that right ? ) we are still progressing although slowly.
We Have all been missing your highly regarded contributions Iam and hope the property project is going to plan and look forward to some more analysis from you soon.
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