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31 Dec 2014

Crude oil hits fresh multi-year lows

FXStreet (Córdoba) - Oil prices extended its decline during the last trading day of the year amid oversupply concerns.

Crude oil fell more than 2% and hit a fresh 5-year low of $52.68 a barrel before recovering somewhat. Oil is trading at $53.35/bbl, still on track to post a 43% loss in 2014, its biggest annual decline since 2008, as the OPEC refrained from cutting output to keep the price high.

The latest US government report on oil inventories showed stockpiles decreased by 1.8 million barrels during the last week. On the other hand, the American Petroleum Institute reported Tuesday US crude inventories rose by 760,000 barrels last week versus expectations of a 100,000 barrels decline.
Dec 31, 2014

USD/JPY offered within familiar ranges on 119 handle

USD/JPY is trading at 119.56, up 0.02% on the day, having posted a daily high at 119.80 and low at 119.25.
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Dec 31, 2014

Chinese import/export growth likely slowing - TDS

Analysts noted events commencing for 2015 and highlighted the China Trade Balance (Thurs 8 Jan).
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