New Zealand RBNZ Interest Rate Decision in line with expectations (2.5%)
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Dec 9, 2015
Oil settles lower despite stockpiles fall
Crude oil prices turned lower in the American afternoon, after holding for most of the day around the daily opening. West Texas Intermediate crude oil futures jumped up to $38.97 a barrel following the release of the EIA weekly report, as inventories fell 3.6 million barrels last week, against expectations of a 500K gain. The rally however, was short lived, and the black gold plummeted to fresh daily lows of $36.85/bbl amid speculative selling interest and finally settled down 0.9% at $37.16.