- Gasoline stocks 1.7m vs 0.2m prior
No great shakes in crude markets on the numbers. WTI edged away from 105 by a buck but still remains reasonably well bid.
Brent crude is surprisingly happy to tread water despite the ongoing tensions in Iraq. The market still views it as a containable issue so unless it deteriorates and starts hampering production significantly then we shouldn’t see any big spikes. It’s worth keeping an eye on those events if you’re short though.
Brent crude oil daily chart 11 06 2014
