Markets

Brent Above $111 Ahead Of Chinese Data

Brent traded at 111.32 on Monday morning as investors waited for data from the largest oil consuming regions to confirm or deny their expectation that supply will exceed demand in the future.

The commodity held steadily above $111 ahead of the European Central Bank's monthly meeting and key trade data from China, due out on Thursday.

At the ECB meeting, also set for Thursday, European Finance Ministers are expected to keep the record low interest rate unchanged. Although the region is still struggling from heavily indebted economies, most expect that a rate cut won't come until later in the year. With the markets finally calmed in the wake of the Greek bailout decision, analysts believe it is unlikely the Finance Ministers will want to upset that balance.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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