Feedback
Mid-Session Energy Market Report
Wed 22 Feb 2012 11:42:02 CT
Related Keywords: Energy
Related Keywords: Energy
The crude oil complex experienced a choppy to lower trading session this morning. Early weakness across the complex came from a further contraction in Chinese purchasing managers' data as well as a surprise drop in European service activity. The soft economic data on top of renewed concerns that Greece might not be able to implement new austerity measures served to pressure risk appetites. Meanwhile, Brent crude oil drafted support on continued concerns over supply disruptions out of the North Sea and Iran. Some traders indicated that uncertainty surrounding Iran continued to offer a level of support to the energy complex.
View All Market Commentary
View All Market Commentary
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
